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3139 N Broadway St 5,276 SF 100% Leased Retail Building Chicago, IL 60657 $3,900,000 ($739.20/SF) 6.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased Lakeview retail asset with seven tenants across 5,351 square feet
- Stable in-place NOI of $265,859 with opportunity for long-term upside
- Irreplaceable North Broadway location surrounded by dense population and national retailers
EXECUTIVE SUMMARY
3139–3151 N Broadway Ave is a fully leased multi-tenant retail asset located in Chicago’s high-demand Lakeview neighborhood. The 5,351 square foot building includes seven street-level storefronts and sits on a 0.15 acre parcel zoned B3 2. The property is 100 percent occupied by a diversified tenant mix including Bonci Pizza, Great Clips, Just Food for Dogs, Buena Vista, and Lakeview Smoke and Vape. These tenants offer strong consumer appeal and drive steady foot traffic.
The asset provides stable in-place cash flow with a net operating income of 265,859 dollars and a cap rate of 6.8 percent. Most leases require minimal landlord responsibilities. The location benefits from excellent demographics with over 90,000 residents and 54,000 households within one mile and traffic counts of approximately 17,700 vehicles per day.
Positioned in one of Chicago’s most walkable and densely populated neighborhoods, this offering presents a rare opportunity to acquire a stabilized retail property in a high barrier to entry market. The asset offers strong tenant retention, visibility, and long-term income potential.
The asset provides stable in-place cash flow with a net operating income of 265,859 dollars and a cap rate of 6.8 percent. Most leases require minimal landlord responsibilities. The location benefits from excellent demographics with over 90,000 residents and 54,000 households within one mile and traffic counts of approximately 17,700 vehicles per day.
Positioned in one of Chicago’s most walkable and densely populated neighborhoods, this offering presents a rare opportunity to acquire a stabilized retail property in a high barrier to entry market. The asset offers strong tenant retention, visibility, and long-term income potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,276 SF
Year Built
1925
Price
$3,900,000
Price Per SF
$739.20
Cap Rate
6.82%
NOI
$265,859
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.15 AC
Zoning
B3-2
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 14-28-102-013-0000 | Improvements Assessment | $193,625 |
| Land Assessment | $111,125 | Total Assessment | $304,750 |
PROPERTY TAXES
Parcel Number
14-28-102-013-0000
Land Assessment
$111,125
Improvements Assessment
$193,625
Total Assessment
$304,750
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3139 N Broadway St
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