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1333 W North Ave
Chicago, IL 60642
Retail Property For Sale
Investment Highlights
- Corner of North and Elston
- High traffic counts
Executive Summary
Long established fast food location. North / Elston. Art's Drive in. Ground Lease. Tenant pays Insurance, Taxes, all CAM charges.
5 year lease with three 5 year options.
Building rebuilt after roof loss. Roof/interior/ electric service/plumbing/all equipment new
5 year lease with three 5 year options.
Building rebuilt after roof loss. Roof/interior/ electric service/plumbing/all equipment new
Property Facts
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,309 SF
Building Class
C
Year Built
1955
Price
$1,200,000
Price Per SF
$916.73
Cap Rate
6%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.12 AC
Zoning
M2-3
Parking
9 Spaces (6.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 17-05-104-044-0000 | Improvements Assessment | $24,403 |
| Land Assessment | $40,598 | Total Assessment | $65,001 |
Property Taxes
Parcel Number
17-05-104-044-0000
Land Assessment
$40,598
Improvements Assessment
$24,403
Total Assessment
$65,001
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