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2136-2142 W Division St 3,600 SF Retail Condo Unit Offered at $1,150,000 in Chicago, IL 60622
INVESTMENT HIGHLIGHTS
- Walker's Paradise (95) Walk Score | 94 Bike Score | Blue Line (Division station) 0.3 miles
- High Foot Traffic
- Strong 25-46 Yr Old Demos
- Very High HH Income
- Extra-wide Sidewalks w/ Dedicated Outdoor Seating
- 3 Personal Guaranteed leases with Annual Escalations
EXECUTIVE SUMMARY
This offering consists of three separately parceled 1,200 SF street-retail condominium units, presented as a turnkey, fully leased portfolio with established, stable tenants and personally guaranteed NNN leases. It offers a prime opportunity for retail investors in Chicago's vibrant market, featuring zero landlord responsibilities and built-in annual rental increases for true passive income in one of the city's highest-barrier-to-entry retail corridors. Each unit boasts high ceilings, open floor plans, exposed brick, walkout open-window storefronts, and ADA-compliant bathrooms. Located at the heart of the dynamic West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 3,600 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,200 SF |
| Property Subtype | Year Built | 2004 | |
| Building Class | B | Lot Size | 0.21 AC |
| Zoning | B3-2, Chicago | ||
| Total Building Size | 3,600 SF |
| Property Type | Retail (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 1,200 SF |
| Year Built | 2004 |
| Lot Size | 0.21 AC |
| Zoning | B3-2, Chicago |
AMENITIES
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit ALL
| Unit Size | 3,600 SF | Sale Type | Investment |
| Price | $1,150,000 | Cap Rate | 7.80% |
| Price Per SF | $319.44 | NOI | $89,724 |
| Condo Use | Retail | Sale Conditions | Bulk/Portfolio Sale |
| Unit Size | 3,600 SF |
| Price | $1,150,000 |
| Price Per SF | $319.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| NOI | $89,724 |
| Sale Conditions | Bulk/Portfolio Sale |
DESCRIPTION
This offering consists of three separately parceled 1,200 SF street-retail condominium units, presented as a turnkey, fully leased portfolio with established, stable tenants and personally guaranteed NNN leases. It offers a prime opportunity for retail investors in Chicago's vibrant market, featuring zero landlord responsibilities and built-in annual rental increases for true passive income in one of the city's highest-barrier-to-entry retail corridors. Each unit boasts high ceilings, open floor plans, exposed brick, walkout open-window storefronts, and ADA-compliant bathrooms. Located at the heart of the dynamic West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.
SALE NOTES
West Division Street retail corridor in Chicago’s trendy Wicker Park/Bucktown neighborhood—known for extra-wide sidewalks ideal for outdoor seating, plus a concentration of popular bars, restaurants, and boutiques—these properties deliver high visibility and strong foot traffic. With versatile spaces and favorable zoning, this portfolio is ideally suited for a wide range of retail uses, making it an attractive investment for those seeking to capitalize on this thriving, coveted corridor.
NEARBY MAJOR RETAILERS
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Perpetual Books |
1,200 SF
|
March 2030
|
| Lost Larson Bakery |
1,200 SF
|
February 2031
|
| Artistic Nails Boutique |
1,200 SF
|
July 2028
|
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2136-2142 W Division St
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