1560 N Damen Ave
Chicago, IL 60622
Retail Property For Sale

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire 1560 N. Damen Avenue (the “Property” or “Investment”), a fully leased, urban infill mixeduse investment prominently located in Chicago’s affluent Wicker Park neighborhood.
The ±4,650 square foot, three-story mixed-use property is situated adjacent to the CTA Damen Blue Line station with 48 feet of frontage along Damen Avenue in the heart of Wicker Park’s “Six Corners” intersection (Milwaukee/North/Damen). The first floor is occupied by Stan’s Donuts & Coffee, which has operated at this location since its inception in 2013. Stan’s is strategically located at the entrance of a busy CTA ‘L’ station that sees over 1,200,000 annual riders. With a loyal customer base and an established wholesale and distribution presence, Stan’s is a market-leading tenant that attracts both tourists and locals.
The upper floors feature two expansive ±1,550 square foot condo-quality three-bedroom, two-bathroom apartment units, creating a well-balanced mixed-use asset in one of Chicago’s most established retail and residential neighborhoods. Current ownership invested significant capital into renovating the apartments recently, elevating them to top-of-market quality. Rents are currently below market, providing a new investor with the opportunity to add immediate value to the Property by increasing rents to market rate.
Wicker Park continues to rank among Chicago’s most active urban submarkets, supported by strong barriers to entry, limited available retail frontage, and sustained residential demand. The Property’s location at the “Six Corners” places it within one of the city’s most recognized neighborhood commercial districts, drawing consistent foot traffic from surrounding residential density, destination and neighborhood-serving retail and dining. Its proximity to the 606 Trail integrates the Property into a multi-neighborhood pedestrian and recreational corridor spanning Bucktown, Wicker Park, Logan Square, and Humboldt Park.
With immediate access to the CTA Blue Line station at Damen Avenue, multiple bus routes, and Interstate 90/94 less than one mile away, the Property benefits from an extensive transit infrastructure serving both neighborhood residents and visitors. The surrounding one-mile population exceeds 63,000 residents with average household incomes above $150,000, providing a deep, affluent customer base and renter pool within walking distance of the Property.