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Starbucks-Anchored Retail Condominium
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Pending

3045 N Greenview Avenue, Chicago, IL 60657

Starbucks-anchored retail condominium with net leases covering taxes, insurance, and common area expenses.

Property SizeContact for details
Days on Market124

Property Features for 3045 N Greenview Avenue

General Information

Standard status Pending
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: SAB Capital
Listed By: Preet Sabharwal · License #NY 10401215775
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Aug 9 at 12:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital

Investment Insights

Based on property information with market context.

The Reliable Loft Retail Condominium is a Starbucks-anchored retail condominium in the Lakeview neighborhood of Chicago. The property is accompanied by residential brokers D’Aprile Properties and optometrist Big City Optical, with tenants operating under net leases that fully reimburse for real estate taxes, insurance, common area maintenance, and condominium assessments.

The subject property is located at a signalized, six-way intersection of North Lincoln Avenue, North Greenview Avenue, and West Barry Avenue. It has a 95 Walk Score and a 74 Transit Score from Redfin, and is less than half a mile from Paulina Station (CTA Brown Line) and less than one mile from Wellington Station (CTA Red Line). Wrigley Field is also located less than one and a half miles away.

More than 42% of the asset is backed by Starbucks Corporation. Starbucks has operated at this location for more than 15 years and executed an early 10-year extension option in 2011. Lease terms include annual rent increases for both D’Aprile Properties and Big City Optical.

Key Highlights

  • Starbucks‑anchored retail condominium with net leases fully reimbursing real estate taxes, insurance, common area maintenance, and condominium assessments
  • Starbucks operating at the location for more than 15 years and executed an early 10‑year extension option in 2011
  • Tenants include D’Aprile Properties and Big City Optical; both leases feature annual rent increases

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Fish Market Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,367
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Starbucks-anchored retail condominium with net leases covering taxes, insurance, and common area expenses.
Where is this retail space located?
The property is located at 3045 N Greenview Avenue Chicago, IL.
What are key features of this property?
This property features: Starbucks‑anchored retail condominium with net leases fully reimbursing real estate taxes, insurance, common area maintenance, and condominium assessments; Starbucks operating at the location for more than 15 years and executed an early 10‑year extension option in 2011; Tenants include D’Aprile Properties and Big City Optical; both leases feature annual rent increases
More about this property
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