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3032 N Clark St
Chicago, IL 60657
Retail Property For Sale
Executive Summary
- INVESTMENT GRADE TENANT JPMORGAN CHASE & CO. (S&P: AA-) | LARGEST BANK IN THE U.S. | $4.4 TRILLION IN TOTAL ASSETS / $2.5 TRILLION IN DEPOSITS | 5,000+ U.S. BANK BRANCHES
- LONG-TERM COMMITMENT, TENANT HAS OCCUPIED THIS SPACE SINCE 1991 | 15-YEAR ORIGINAL LEASE | 4.8 YEARS OF PRIMARY TERM REMAINING | 1 (5-YEAR) OPTION REMAINS WITH A 10% RENTAL INCREASE | NN LEASE, LIMITED LANDLORD MAINTENANCE RESPONSIBILITIES
- LOCATED IN CHICAGO’S AFFLUENT LAKEVIEW NEIGHBORHOOD | STRONG VISIBILITY & ACCESS AT THE INTERSECTION OF N CLARK ST & N HALSTED ST (25,476 VPD) | PRIME RETAIL LOCATION WITH MARIANO’S, POINTE AT CLARK ST SHOPPING MALL & LAKEVIEW CONNECTION, AND ADVOCATE ILLINOIS MASONIC MEDICAL CENTER (TOP 100 HOSPITAL) WITHIN WALKING DISTANCE
- CHICAGO MSA LOCATION | DENSE & AFFLUENT DEMOGRAPHICS | PRIMARY RETAIL CORRIDOR LOCATION | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & ENTERTAINMENT COMPLEXES
- LONG-TERM COMMITMENT, TENANT HAS OCCUPIED THIS SPACE SINCE 1991 | 15-YEAR ORIGINAL LEASE | 4.8 YEARS OF PRIMARY TERM REMAINING | 1 (5-YEAR) OPTION REMAINS WITH A 10% RENTAL INCREASE | NN LEASE, LIMITED LANDLORD MAINTENANCE RESPONSIBILITIES
- LOCATED IN CHICAGO’S AFFLUENT LAKEVIEW NEIGHBORHOOD | STRONG VISIBILITY & ACCESS AT THE INTERSECTION OF N CLARK ST & N HALSTED ST (25,476 VPD) | PRIME RETAIL LOCATION WITH MARIANO’S, POINTE AT CLARK ST SHOPPING MALL & LAKEVIEW CONNECTION, AND ADVOCATE ILLINOIS MASONIC MEDICAL CENTER (TOP 100 HOSPITAL) WITHIN WALKING DISTANCE
- CHICAGO MSA LOCATION | DENSE & AFFLUENT DEMOGRAPHICS | PRIMARY RETAIL CORRIDOR LOCATION | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & ENTERTAINMENT COMPLEXES
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,587 SF
Building Class
B
Year Built
1971
Price
$3,882,000
Price Per SF
$846.30
Cap Rate
7%
NOI
$271,740
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.13 AC
Parking
6 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $160,285 | |
| Land Assessment | $209,528 | Total Assessment | $369,813 |
Property Taxes
Parcel Numbers
Land Assessment
$209,528
Improvements Assessment
$160,285
Total Assessment
$369,813
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