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1915-1917 N Damen Ave 3,160 SF Office/Medical Condo Unit Offered at $999,900 in Chicago, IL 60647
INVESTMENT HIGHLIGHTS
- PRIME LOCATION SITUATED IN THE BUCKTOWN NEIGHBORHOOD
- STRONG DEMOGRAPHICS
- GREAT STREET EXPOSURE
- TENANTS IN PLACE WITH LEASES EXPIRING 12/31/2028
- LOTS OF DAYTIME FOOT TRAFFIC
- LONG TERM TENANTS
EXECUTIVE SUMMARY
TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTUNITY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE OR OCCUPY ONE AND LEASE THE OTHER. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. BOTH LEASES EXPIRE 12/31/2028 WITH ANNUAL INCREASES. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 8.9% CAP RATE PROPERTY AND TRIPLE NNN LEASES. YOU CAN'T GO WRONG!
PROPERTY FACTS
| Total Building Size | 18,000 SF | Floors | 5 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,000 SF |
| Property Subtype | Year Built | 2007 | |
| Building Class | B | Lot Size | 0.14 AC |
| Zoning | B3-2 - B3-2 | ||
| Total Building Size | 18,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 4,000 SF |
| Year Built | 2007 |
| Lot Size | 0.14 AC |
| Zoning | B3-2 - B3-2 |
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Tenant Controlled HVAC
- Air Conditioning
1 UNIT AVAILABLE
Unit 1 & 2
| Unit Size | 3,160 SF | Sale Type | Investment |
| Price | $999,900 | Cap Rate | 8.93% |
| Price Per SF | $316.42 | NOI | $89,300 |
| Condo Use | Office/Medical | APN/Parcel ID | 14-31-400-057-0000 |
| Unit Size | 3,160 SF |
| Price | $999,900 |
| Price Per SF | $316.42 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 8.93% |
| NOI | $89,300 |
| APN/Parcel ID | 14-31-400-057-0000 |
DESCRIPTION
TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTUNITY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE OR OCCUPY ONE AND LEASE THE OTHER. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. BOTH LEASES EXPIRE 12/31/2028 WITH ANNUAL INCREASES. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 8.9% CAP RATE PROPERTY AND TRIPLE NNN LEASES.
SALE NOTES
Exceptional Investment Features
-High Foot Traffic: Busy Damen Ave location with lots of pedestrians and 12,700 cars driving by daily.
-Strong Demographics: Located in an area with excellent customer base potential.
-Triple NNN Leases: Tenants cover taxes, insurance, and maintenance, maximizing your return.
-CAP Rate: 7.6% – A smart addition to any real estate portfolio.
NEARBY MAJOR RETAILERS
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1915-1917 N Damen Ave
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