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Armitage -Damen 3 Retail Properties Offered at $3,980,000 in Chicago, IL
INVESTMENT HIGHLIGHTS
- Value-Add Opportunities
- Heart of Booming Bucktown Neighborhood
- 100% Occupied
EXECUTIVE SUMMARY
Incredible investment opportunity located in the heart of Chicago’s Bucktown
neighborhood available for sale for the first time in generations. This well-maintained
building consists of four street level commercial units and four residential units upstairs.
The building is 100% occupied and has been for years. In addition to existing tenants, the
building has also entered into a long-term leasing arrangement with Verizon to install a cell
phone tower. License and permits are all approved – just waiting on install. Additional
revenue opportunities exist such as possible billboard installation where legacy board
previously existed. First showings will be with the commercial units. Residential units will
only be shown to interested parties on a second visit. Additional information requires
executed NDA. Proof of funds needed to schedule formal tour.
neighborhood available for sale for the first time in generations. This well-maintained
building consists of four street level commercial units and four residential units upstairs.
The building is 100% occupied and has been for years. In addition to existing tenants, the
building has also entered into a long-term leasing arrangement with Verizon to install a cell
phone tower. License and permits are all approved – just waiting on install. Additional
revenue opportunities exist such as possible billboard installation where legacy board
previously existed. First showings will be with the commercial units. Residential units will
only be shown to interested parties on a second visit. Additional information requires
executed NDA. Proof of funds needed to schedule formal tour.
PROPERTY FACTS
| Price | $3,980,000 | Number of Properties | 3 |
| Price / SF | $176.57 / SF | Individually For Sale | 1 |
| Cap Rate | 5.73% | Total Building Size | 22,540 SF |
| Sale Type | Investment | Total Land Area | 0.42 AC |
| Status | Active |
| Price | $3,980,000 |
| Price / SF | $176.57 / SF |
| Cap Rate | 5.73% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 22,540 SF |
| Total Land Area | 0.42 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1956 W Armitage Ave, Chicago, IL 60622 | Retail | 9,685 SF | 1927 | $3,980,000 |
| 1954 W Armitage Ave, Chicago, IL 60622 | Retail | 9,355 SF | 1906 | - |
| 2009-2011 N Damen Ave, Chicago, IL 60647 | Retail | 3,500 SF | 1920 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Armitage -Damen
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