670 Diversey PkwyChicago, IL 60614

For Sale
$6,500,000

Lincoln Park, Chicago: 100% occupied, 3-tenant retail.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-tenant retail property, located at 670 W Diversey Parkway in Chicago's desirable Lincoln Park neighborhood, presents a compelling investment opportunity. The 10,660 square foot building boasts 100% occupancy with a strong tenant mix including Nando's, Massage Envy, and 2nd Street, ensuring consistent cash flow. The property enjoys a prime location within a thriving retail corridor, benefiting from high foot traffic and proximity to major national retailers such as Trader Joe's, The Fresh Market, Barnes & Noble, J. Crew Factory, and Express. The 0.28-acre lot provides ample space for the existing building and potential future expansion. With a strong net operating income (NOI) of $490,832 and an attractive 7.50% capitalization rate, this offering represents a rare chance to acquire a fully leased, high-performing asset in one of Chicago's most affluent and densely populated areas. The surrounding area boasts exceptional demographics, with 97,100 residents within a one-mile radius, enjoying an average household income of $161,300 and a median home value of $528,700. The asking price for this exceptional investment is $6,500,000. This property offers a secure and profitable investment with significant long-term potential. The property is categorized as a storefront and is situated in Cook County, Illinois, with a zip code of 60614.

Highlights

  • 10,660 SF, 100% occupied, three-tenant retail building in Chicago's Lincoln Park neighborhood.
  • Strong tenant mix including Nando's, Massage Envy, and 2nd Street, generating a $490,832 NOI and a 7.50% cap rate.
  • Prime location on Diversey Parkway with high foot traffic and proximity to major national retailers.
  • 0.28-acre lot with potential for future expansion.
  • Asking price: $6,500,000.

Property Details for 670 Diversey Pkwy

Property type
Other retail properties, Individual retail properties
Square Feet
10,660 SF
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.93274418297
Longitude
-87.646549133361
670 Diversey Pkwy, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
670 Diversey Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message