1659 W Division St 7,500 SF 100% Leased Retail Building Chicago, IL 60622 For Sale

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INVESTMENT HIGHLIGHTS

Well located just west of Division Street and Ashland Avenue signalized intersection (38,500 VPD)
Conveniently located just west of Interstate-90/Interstate-94 and the Division Blue Line "L" Station

Wake N Bakery occupies the first floor and is on a NNN lease through January 2032
Located approx. two (2) blocks west of the Division Blue Line "L" Station

EXECUTIVE SUMMARY

Rarely available Single Room Occupancy (SRO) licensed building in the heart of Chicago’s Wicker Park neighborhood. The Property is located directly across from Target along West Division Street, in one of Chicago’s most desirable submarkets, featuring visibility and exposure to over 15,000 VPD, along with an abundance of foot traffic. The 3-story building totals 7,500 square feet and is currently 20% leased, offering investors an excellent opportunity to add value through lease-up. Wake N Bakery leases 1,500 square feet on the first floor with term through January 2032 while the second and third floor consist of 13 rooms on each floor. The Property is extremely well located just west of the heavily trafficked intersection of Division Street & Ashland Avenue and just a few blocks away from both the Kennedy Expressway (I-90/I-94) and the Division Blue Line “L” Station. Neighboring retailers include Jewel-Osco, Target, Lowe’s Home Improvement, Walgreens, Foxtrot, Pet Supplies Plus, Garfield’s Beverage Warehouse, Kasama, Antique Taco, Mott Street, Ina Mae Tavern, Parlor Pizza, Popeye’s, Potbelly, Smoke Daddy, Yolk, Philz Coffee, Starbucks, Dunkin and Subway, among many others.

1659 W Division Street Chicago IL - OM