1132 N Milwaukee Avenue #C1
Chicago, IL 60642

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Description

Stunning retail condo for sale in the vibrant Wicker Park neighborhood, a prime area that has seen significant development in recent years. This is a fantastic long-term investment opportunity! Please note that only the real estate is being sold, not the business. Do not disturb the tenant. The 1,400 SF property is currently leased to a restaurant tenant who has been in place since 2009, with two lease renewals, reflecting their strong commitment to the location.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60642
• Year Built: 2001
• Stories: 3
• Units: 1 unit
• Zoning: COMMR
• # Of Tenants: 1
• Cap Rate: 8
• Construction Materials: Brick
• Cooling: Central Air
• Directions: North Milwaukee Ave 2 blocks west of Augusta
• Electric: Circuit Breakers
• Fire Protection: Sprinklers-Wet
• Gross Rentable Area: 1400
• Heat/Ventilation: Gas
• Information: 24-Hr Notice Required
• Investment (Y/N): Yes
• Leasable Area: 1400
• Location: Central Business District
• Lot Size Source: County Records
• Lot Size Square Feet: 6161
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1400
• Misc Inside: Elevator/s Passenger
• Property Offered: For Sale Only
• Property Sub Type: Condominium
• Roof: Composition
• Tax Annual Amount: 16360
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Insurance
• Township: West Chicago