Listed by Chicago Real Estate Resources Inc
$589,000
1659 Chicago Ave
Details
APN 17-07-203-039-0000
Property Type Retail
Sub Type Storefront
Square Footage 1,720
Units 1
Cap Rate 7.50%
NOI $44,160
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 03/31/2030
Year Built 2009
Lot Size (SqFt) 5,763
Investment Type Core+
Lease Commencement 04/01/2026
Ground Lease No
Highly visible corner at signalized intersection in West Town
Marketing description
This Offering Memorandum presents a rare opportunity to acquire a 1,730 SF corner retail storefront in the highly sought-after West Town/East Village corridor. The property sits on a prominent corner at a signalized intersection, offering excellent visibility and steady foot and vehicle traffic, along with flexible B1-2 zoning. The space includes two ADA-compliant restrooms and is well-suited for a variety of uses.
The property is leased with a four-year term in place, providing immediate cash flow and making it an excellent candidate for a 1031 tax-deferred exchange. With its strong corner presence and no HOA fees, this stands out as a compelling opportunity for both owner-users and investors along Chicago Avenue.
Investment highlights
- Prominent Corner at signalized intersection
- 50' of frontage on Chicago Ave
- Excellent visibility for signage and branding opportunity
- Strong Chicago Ave retail corridor
- 7.48 Cap - Year 1
Listing Contacts
Listed by Chicago Real Estate Resources Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,160.00
$3,680.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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