1435 N Sedgwick St
Chicago, IL 60610
Old Town Retail Storefront For Sale · Retail Property For Sale

Highlights: – 1,600 Sq Ft retail storefront on ground level of three-story residential condo building on Sedgwick just south of North Avenue – Situated on high-traffic residential through street with average traffic of over 5,200 vehicles per day – Excellent location in the heart of Old Town, in high-density residential area with heavy foot traffic, directly across from Marshall Field Garden Apartment Homes / the New 27th Ward Office, 1.5 blocks from Catherine Cook School and 2 blocks from Franklin Fine Arts Center – Currently leased to a Mini Mart for monthly rent of $2,950 with yearly increases (5-year lease ending 5/31/2022 with one 5-year renewal option) – Great investment opportunity as tenant is interested in extending lease long-term – Tenant pays all utilities except water – Owner / Landlord’s expenses include taxes, 1/3 of the building insurance, and 1/3 of water. Insurance and water totaled ~$1,800 / for most recent payment year – Includes approximately 700 Sq Ft basement for storage – Easily accessible to public transportation, located on the CTA #37 Sedgwick bus route, 0.1 miles to Brown Line Sedgwick station, 0.3 miles to #72 North Ave bus, 0.4 miles to #70 Division bus and 0.5 miles to Divvy Bike Clybourn & Division station