5-9 W Division St
Retail | 5.75% CAP | 11,500 SqFt
Marketing description
Prime Gold Coast, fully occupied building with 3 beautifully remodeled spaces. Over $800,000 of recent landlord improvements including new electric services, new gas lines run throughout, new electric hot water heaters for each space, structural improvements including decking between basement and first floor and firstfloor and second floor.
DX-7 zoning with air rights included for future redevelopment opportunity.
Two blocks from CTA Red Line Clark/Division train station. Over 2.5m annual ridership.
Dense, upscale neighborhood with 96,680 people living within 1 mile of the property. Average household
income of $185,421 within 1 mile which puts the neighborhood in the top 11% of America.
Extremely high daytime and nighttime foot traffic. Walk Score of 99/100 – Walker’s Paradise.
55,300,000 visitors to Chicago in 2024.
Investment highlights
- Recent Remodeling
- Dance Venue with state of the art sound system
- 250 person capacity
- 4AM liquor license
- Tenant: 5 West Division Corp.
- Guarantor: Personal
- Complete Walls Out Renovation
- Restaurant and Lounge
- 4AM liquor license
- Tenant: 7 West Division Inc.
- Guarantor: Personal
- Dance Venue with state of the art sound system
- 4am liquor license
- R&V Inc.
- Guarantor: Persona
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