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- LoopNet Team
3443 W Addison St
Chicago, IL 60618
Avondale Commons · Retail Property For Sale
Investment Highlights
- LONG-TERM STABILITY WITH CORPORATE LEASES
- INHERENT LAND VALUE
- COMMUTER CONVENIENCE
- COMPLEMENTARY CO-TENANCY DRAW
- HIGH-TRAFFIC CORRIDOR
- TOP 10 HOTTEST UP AND COMING NEIGHBORHOODS IN THE COUNTRY
Property Facts
Amenities
- Freeway Visibility
- Metro/Subway
About 3443 W ADDISON ST , CHICAGO, IL 60618
Avondale Commons is anchored by a new LA Fitness (20-year lease) and a new Floor & Decor (15-year lease). Additionally, the offering features an existing strong-performing Olive Garden, which has lease term through September 2024 and a below-market rent. With a weighted average lease term of 15.7 years, the property provides investors with long-term income stability in a highly coveted urban location. The center benefits from complementary co-tenancy driven by the adjacent Home Depot and Ferguson Heating and Cooling, which provide additional consumer draw. Specifically, the household related retailers will create a built-in customer base for the new Floor & Decor.
Property Taxes
| Parcel Numbers | Improvements Assessment | $238,783 | |
| Land Assessment | $1,671,609 | Total Assessment | $1,910,392 |
Property Taxes
