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Investment Highlights

  • Approx. 20,000 sq ft of land with ample on-site parking
  • Versatile layout supports multiple income streams or owner-occupancy
  • Main Building: Configured for 3 commercial spaces, currently leased to Frame Factor and Simes Studio
  • Flexible C1-3 allows for residential, retail, or office use
  • Long-term tenants provide immediate cash flow
  • Second Building: Two-story frame structure, home to a longstanding premier dog adoption company

Executive Summary

Rare opportunity to acquire a mixed-use property in a prime Chicago location between Bucktown and Lincoln Park. Offered for the first time in more than 30 years, this property presents an ideal opportunity for an owner-occupant seeking additional income to offset operating expenses. The building is currently configured for three commercial spaces and features long-term tenants including Frame Factor and Simes Studio, providing established tenancy and stability. Zoned C1-3, the property offers exceptional flexibility for a variety of uses, including retail, medical, office, event space or creative workspace. Its highly desirable location and adaptable layout create strong potential for investors, business owners, and redevelopment-minded buyers alike. The Vacant Space is also available for lease. There is a possibility to expand and occupy the whole building.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,200 SF
Building Class
C
Year Built
1943
Price
$2,850,000
Price Per SF
$233.61
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.00
Lot Size
0.28 AC
Zoning
C1-3 - Neighborhood Commercial District
Parking
28 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
97’ on Webster Ave

Amenities

  • Signage
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100

Nearby Major Retailers

BMO
Goldfish Swim School
Starbucks
Mariano's
Jewel-Osco
My Gym
F45 Training, Inc.
CrossFit
Bank of America
Capriotti's

Property Taxes

Property Taxes

Parcel Number
14-31-210-036-0000
Land Assessment
$169,200
Improvements Assessment
$115,800
Total Assessment
$285,000
  • Listing ID: 32734785

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 1809 W Webster Ave, Chicago, IL 60614

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