2827 N Broadway St
Chicago, IL 60657
Retail Property For Sale

Marcus & Millichap is pleased to present 2827 North Broadway Street, located in the Lakeview East neighborhood of Chicago, Illinois. This mixed-use property consists of one apartment and one ground-floor restaurant/retail space. This property sits 250 feet from the Diversey, Clark, and Broadway intersection. The first floor is currently home to Renaldi’s Pizza Pub. Renaldi’s has been operating in this location since 1973. Renaldi’s will enter into a new five-year net lease upon close of escrow at terms stated in this offering memorandum. The second and third floor consists of a massive 3,600-square foot apartment unit. This apartment is a condo-quality three-bedroom / three-bathroom unit. It has one master bedroom, with master bathroom and closet, three balconies and in-unit washer and dryer. There is also an elevator and one parking space. The property is in a superb location of Lakeview East, which is one of Chicago’s most desirable and populated north-side neighborhoods. Located just north of the Diversey, Clark, and Broadway intersection, home to the Diversey shopping district corridor and a two-story flagship Walgreens, the property is well-positioned in a dense market with high barriers to entry. The property also benefits from the Diversey Harbor and Wrigley Field. This area is a thriving community that is only getting stronger. Demographics for the area are very strong. Within a one-mile radius there is a population of 84,599 and an average household income of $129,539. Traffic counts at the Diversey, Clark, and Broadway intersection exceed 40,000 vehicles per day. Some of the retailers in the immediate area include: LA Fitness, Bed Bath & Beyond, Target, Fitness 19, Walgreens, Trader Joe’s, Urban Outfitters, Starbucks, Chipotle, T.J. Maxx, Nando’s Peri-Peri Chicken, Kuma’s Too, Stan’s Donuts, Jimmy John’s, Mattress Firm, Banana Republic, McDonald’s, Burger King, Dunkin’ Donuts, Massage Envy, as well as many other regional retailers and small businesses.