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Listed by Kieran Fahyof Fahy Real Estate Inc
$ 670,000
Est. payment | /mo
3,100 SqFt
$ 670,000
Est. payment | /mo
3,100 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Pending
Purchase Type For Sale
Square Footage 3,100 sqft
Price per Sqft $216
MLS Listing ID 12564187
Year Built 2006
Annual Tax Amount $23,090
Tax Year 2024
Lot Dimensions 3112
Property Sub-Type Retail/Stores
Property Description
Now reduced to 670k with an impressive 8.74 CAP. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Established tenants since 2019 with newer 5 year leases until 2030. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Both spaces were built out in 2019-2020 with updated flooring, bathrooms, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces included in the price . Offered with a very attractive CAP rate and annual rent escalations. Ideally situated just 1 mile west of Wrigley field and a six minute walk to Addison brown line. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Flooring Concrete, Other
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick
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NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States