1635 Damen Ave 37 Chicago, IL 60647

This exceptional investment opportunity presents a fee-simple ownership interest in a thriving bartaco restaurant located in Chicago's highly desirable Bucktown/Wicker Park neighborhood. The property, situated at 1635 N Damen Ave, boasts a substantial 5,824 square feet across two stories within a single, remodeled building (2023). Currently operating at 100% occupancy, the restaurant benefits from a robust 10-year net lease (commencing May 1, 2023, and expiring April 30, 2033), providing a remaining lease term of approximately 8.4 years. Landlord responsibilities are limited to roof and structure maintenance. The lease includes annual rent bumps of 2%, offering inflation protection. Four additional 5-year lease options further enhance the long-term investment potential. The property's strong financial performance is reflected in a current Net Operating Income (NOI) of $358,750. This rare, urban infill opportunity is situated on a coveted six-corner location, capitalizing on exceptional demographics within one of Chicago's most sought-after retail corridors. The property represents a secure, high-yield investment with significant upside potential. This is a truly unique chance to acquire a fee simple interest in a well-established restaurant in a prime Chicago location.