2001-2009 W Howard St 12,000 SF 100% Leased Retail Building Chicago, IL 60645 $950,000 ($79.17/SF) 1% Cap Rate

Essex 312, LLC is exclusively engaged to market for sale 2001-09 W. Howard St., a 13,059 SF commercial property located at the intersection of Howard St. and Damen Ave. in Chicago's Rogers Park neighborhood. This property is ideally suited for residential and retail redevelopment or can continue its current operations.
In May of this year, the 49th Ward of Chicago upzoned the Howard St. corridor to B2-3 to encourage development and growth. The new zoning allows for a Floor Area Ratio (FAR) of 3.0, enabling a potential 39,177 SF mixed-use development by right.
The property currently consists of five storefronts, subdivided into three retail units. Current tenants include Super Tasty Sub and The Way Mission Inc., while the third space remains vacant in a vanilla box condition, offering immediate leasing opportunities or repositioning potential.
Located along a major east-west corridor, the site benefits from strong vehicle and pedestrian traffic, its proximity to the Howard CTA terminal, and a dense surrounding residential population. The corner lot features over 100 feet of frontage, ensuring excellent visibility and access for both tenants and customers.
2001-09 W. Howard St. presents a rare combination of existing cash flow, lease-up potential, and long-term redevelopment upside, making it a compelling investment opportunity in the heart of Rogers Park.