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- LoopNet Team
1904 W Division St
Chicago, IL 60622
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- TROPHY / IRREPLACEABLE LOCATION
- SUCCESS STORY - STEADY SALES VOLUME
- FLAGSHIP RETAIL, DESTINATION RESTAURANTS, TOURISM, ROBEY HOTEL
- DINING BOULEVARD - TRAFFIC CALMING LANES + ENVIABLE FRONTAGE + EXTRA DEEP SIDEWALKS
- EPICENTER OF "24 HOUR" SCENE
- MULTIPLE MASS TRANSIT OPTIONS - SUPERIOR DEMOGRAPHICS
EXECUTIVE SUMMARY
Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1904 W. Division Street (the “Property”), a ±2,300 square foot retail condo with ±700 square feet of accompanying lower-level space. The Property was recently constructed in 2016 and improved with a fully built-out first generation restaurant, featuring indoor and outdoor seating, occupied by Sushi Taku. The tenant has maintained consistent sales and traffic throughout the Covid-19 pandemic. Sushi Taku is a multi-location operator in Chicago and has over 6-years of lease term remaining, with 3.0% annual rent escalations. The tenant’s lease also features a personal guarantee.
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 2,300 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | A | Year Built | 2016 |
| Zoning | B3-2 - Community Shopping District | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Lot Size | 0.12 AC |
| Building Size | 2,300 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Zoning | B3-2 - Community Shopping District |
