1913 Chicago AveChicago, IL 60622

For Sale
$799,000

West Town School of Rock, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional single-story, single-tenant retail storefront in Chicago's desirable West Town neighborhood presents a compelling investment opportunity. The 2,644 square foot building, constructed in 1988, is fully occupied by a School of Rock, operating under a triple-net (NNN) lease extending to October 2030, ensuring consistent cash flow. Situated on a 2,644 square foot lot, the property boasts a prime location within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, benefiting from excellent accessibility and high foot traffic. The B3-2 zoning allows for a variety of uses, adding future flexibility. The property's strong tenant, coupled with its location in a thriving, stable community known for its tree-lined streets and desirable housing stock, makes this a low-risk, high-reward investment. The asking price is $799,000. This core investment asset offers a rare chance to acquire a stabilized, fully occupied property in one of Chicago's most sought-after neighborhoods. The property's single-tenant occupancy simplifies management, while the long-term lease provides predictable income. The Cook County property features one building and is identified by APN 17072000180000. This is an ideal addition to any portfolio seeking stable, long-term returns in a prime Chicago location.

Highlights

  • Prime West Town location.
  • NNN-leased property with a strong national tenant.
  • Situated within the Chicago Avenue Transit-Oriented Development (TOD) zone.
  • 100% occupancy.
  • Owned by an Illinois licensed real estate broker.

Property Details for 1913 Chicago Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,644 SF
Year Built
1988
Buildings
1
Stories
1
Units
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.895959100787
Longitude
-87.675277657206
1913 Chicago Ave, Chicago, Illinois
Leaflet | © OpenStreetMap contributors

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1913 Chicago Ave
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