Listed by Jameson Commercial Real Estate
$2,785,000
163 W Division St
Details
Property Type Retail
Sub Type Restaurant, Commercial Condo
Units 7
Cap Rate 5.10%
Occupancy 100%
Class A
Retail | 5.10% CAP
Marketing description
Calling all investors! Incredible Investment Portfolio: One of The Last Undeveloped Properties In Vicinity: Includes: (2) Street-level commercial condos (1560 sq. ft. combined -Currently rented as a restaurant)*Please do not disturb the tenant. (5) Residential 1&2 Bedroom Furnished Condos currently set up as AirBNB's - 100% Occupied A-Class Location at a busy Gold Coast Intersection Cap rate of 5.10% As-Is. Please contact for the informational portfolio.
Located between three of the most sought-after and growing neighborhoods for young professionals and wealthy retirees in Chicago: Old Town, River North, and Gold Coast. The OLD TOWN area is a charming residential neighborhood with a vibrant and growing nightlife scene. The GOLD COAST consists of high-end retail shops, multiple upscale restaurants, and features multi-million-dollar historical single-family homes. It is walking distance from Michigan Ave as well as the iconic and renowned “Magnificent Mile” and Lake Shore Drive. The CHICAGO TRANSIT (CTA) Red Line stop is a short two-block walk, and the main highway I-94 along with the commercial business district THE LOOP are only a 3–4 minute drive away.
Listing Contacts
Listed by Jameson Commercial Real Estate
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