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1941-1953 N Clybourn Ave
Chicago, IL 60614
Lincoln Park Plaza · Retail Property For Sale


Executive Summary
1953 Shopping Center is positioned as a classic “trophy” net-lease retail asset, combining durable cash flow, institutional-grade tenancy, and long-term ownership appeal in a high-visibility commercial corridor. As a triple-net (NNN) property, the center places responsibility for taxes, insurance, and maintenance on the tenants, creating a highly passive income stream with predictable operating performance and limited landlord expense exposure. Trophy NNN assets are especially valued for stability, and this center’s established tenant mix, strong consumer traffic patterns, and strategic accessibility support consistent occupancy and reliable rent collections. Its location within a dense trade area further enhances long-term intrinsic value and provides insulation against broader market volatility.
From an investment perspective, 1953 Shopping Center offers the core characteristics sought by private equity groups, REITs, family offices, and 1031 exchange buyers: secure income, strong real estate fundamentals, and long-duration tenant commitments. The property’s combination of passive management structure, recognizable retail presence, and potential for rental growth positions it as both an income-producing asset and a long-term wealth preservation vehicle. In today’s commercial real estate environment, trophy NNN shopping centers remain highly desirable because they provide investors with a balance of defensive stability and appreciation potential, particularly in infill or supply-constrained retail markets.
From an investment perspective, 1953 Shopping Center offers the core characteristics sought by private equity groups, REITs, family offices, and 1031 exchange buyers: secure income, strong real estate fundamentals, and long-duration tenant commitments. The property’s combination of passive management structure, recognizable retail presence, and potential for rental growth positions it as both an income-producing asset and a long-term wealth preservation vehicle. In today’s commercial real estate environment, trophy NNN shopping centers remain highly desirable because they provide investors with a balance of defensive stability and appreciation potential, particularly in infill or supply-constrained retail markets.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,667 SF
Building Class
A
Year Built/Renovated
1990/2018
Price
$28,181,818
Price Per SF
$918.96
Cap Rate
5.50%
NOI
$1,550,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
1.15 AC
Zoning
PD 420
Parking
83 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
483’ on N Clybourn Ave
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,061,096 | |
| Land Assessment | $1,883,909 | Total Assessment | $2,945,005 |
Property Taxes
Parcel Numbers
Land Assessment
$1,883,909
Improvements Assessment
$1,061,096
Total Assessment
$2,945,005
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