3219 Clark St Chicago, IL 60657

This exceptional 6,992 square foot, Class C medical office building presents a compelling value-add investment opportunity. Located at 3219 N. Clark St in Chicago's vibrant Lake View neighborhood, this single-tenant property boasts a 100% occupancy rate with VCA Animal Hospital under an Absolute NNN lease expiring December 31, 2027, with a 24-month extension. The property features a strong Net Operating Income (NOI) of $190,177, yielding an 8.45% cap rate at an asking price of $2,250,000 ($321.80/sq ft). Built in 1925, the three-story building sits on a 5,000 square foot lot and includes 9 parking spaces. The B1-3 zoning allows for a variety of uses. The property benefits from its high-traffic location on a major retail corridor with excellent public transportation access, including proximity to the Belmont Red and Purple Line CTA stations. The surrounding area is densely populated with affluent residents and features numerous amenities, including major retailers, restaurants, and entertainment venues. The long-term lease with a nationally recognized tenant, VCA Animal Hospital, provides stable cash flow and minimizes landlord responsibilities. Scheduled rent increases further enhance the investment's return potential. This property offers a rare combination of strong financial performance, a desirable location, and a secure tenant, making it an ideal investment for discerning buyers. The property's Parcel Number (APN) is 14-20-427-007-0000.