2001 W Howard Street
Chicago, IL 60645

Tools & Resources:

Description

EXTREMELY MOTIVATED SELLERS! 2001-09 W. Howard St is a 13,059 SF commercial property located at the intersection of Howard St. and Damen Ave. in Chicago's Rogers Park neighborhood. This property is ideally suited for residential and retail redevelopment or can continue its current operations. In May of this year, the 49th Ward of Chicago upzoned the Howard St. corridor to B2-3 to encourage development and growth. The new zoning allows for a Floor Area Ratio (FAR) of 3.0, enabling a potential 39,177 SF mixed-use development by right. The property currently consists of five storefronts, subdivided into three retail units. Current tenants include Super Tasty Sub and The Way Mission Inc., while the third space remains vacant in a vanilla box condition, offering immediate leasing opportunities or repositioning potential. Located along a major east-west corridor, the site benefits from strong vehicle and pedestrian traffic, its proximity to the Howard CTA terminal, and a dense surrounding residential population. The corner lot features over 100 feet of frontage, ensuring excellent visibility and access for both tenants and customers. 2001-09 W. Howard St. presents a rare combination of existing cash flow, lease-up potential, and long-term redevelopment upside, making it a compelling investment opportunity in the heart of Rogers Park.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60645
• Year Built: 1938
• Sq.Ft.: 12,000 sq ft
• Stories: 1
• Units: 5 units
• Building Area Total: 12000
• Cooling: Central Individual
• Directions: Head North On Ridge Blvd, Turn East on Howard. Property on the South Side of the street.
• Electric: Separate Meters
• Electric Expense: 716
• Electric Expense Source: Actual
• Fuel Expense: 526
• Fuel Expense Source: Actual
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: 48-Hr Notice Required
• Insurance Expense: 6646
• Insurance Expense Source: Actual
• Leasable Area: 12000
• Lot Size Square Feet: 13059
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 4000
• Operating Expense: 80048
• Other Expense: 1040
• Other Expense Source: Broker Projection
• Property Offered: For Sale Only
• Property Sub Type: Neighborhood Storefront
• Tax Annual Amount: 44818
• Tax Year: 2024
• Total Annual Expense Source: Combination
• Water Expense Source: Actual
• Water Sewer Expense: 1033