1915-1917 N DAMEN Avenue
Chicago, IL 60647

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Description

TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTUNITY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE OR OCCUPY ONE AND LEASE THE OTHER. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. BOTH LEASES EXPIRE 12/31/2028 WITH ANNUAL INCREASES. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 8.1% CAP RATE PROPERTY AND TRIPLE NNN LEASES. YOU CAN'T GO WRONG!

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60647
• Year Built: 2006
• Sq.Ft.: 3,160 sq ft
• Stories: 1
• Units: 2 units
• Zoning: COMMR
• # Of Tenants: 2
• Building Area Total: 3160
• Cap Rate: 8.1
• Construction Materials: Brick, Concrete
• Cooling: Central Air, Central Individual
• Directions: ARMITAGE AVENUE TO N. DAMEN AVENUE. GO SOUTH TO THE PROPERTY LOCATED ON EAST SIDE OF THE STREET.
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Fire Protection: Fire Extinguisher/s
• Flooring: Concrete, Marble, Tile
• Foundation Details: Concrete Perimeter
• Gross Income: 129720
• Heat/Ventilation: Forced Air, Gas, Individual Furnaces
• Information: 48-Hr Notice Required, No Sign on Property
• Investment (Y/N): Yes
• Leasable Area: 3160
• Leasable Area Units: Square Feet
• Location: Central Business District, Mixed Use Area, Public Transport Avail, High Traffic Area
• Lot Size Square Feet: 6097
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1486
• Misc Inside: Elevator/s Passenger, Accessible Washroom/s, Multi-Tenant, Private Restroom/s, Public Restroom/s
• Operating Expense: 40209
• Property Offered: For Sale Only
• Tax Annual Amount: 34227
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, All Utilities
• Township: West Chicago
• Utilities: Electric to Site, Natural Gas Available, Water Available