For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

1560 Damen Ave Chicago, IL 60622

View on Map
Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Chicago Retail Investment Opportunity

Property size:
4,353 SF

Property Features for 1560 Damen Ave

General Information

Property type
Retail properties & Spaces
Square Feet
4,353 SF
Lot Size
13,504 SF

We can help!

Listing Contact
Isaiah Harf
Isaiah Harf

Listing Agency: Northmarq | Chicago (East Wacker Dr) Listing Agent: Isaiah Harf

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional fee-simple retail investment presents a rare opportunity to acquire the flagship Stan's Donuts location in Chicago's vibrant Wicker Park-Bucktown neighborhood. Situated at the highly trafficked "Six Corners" intersection of Damen, North, and Milwaukee Avenues, this 4,353 square foot freestanding building sits on a 0.31-acre lot and boasts a 100% occupancy rate. The ground floor houses the renowned Stan's Donuts, operating under a triple-net (NN) lease with a remaining term of nine years and a remarkable 2.0% annual rent increase, providing a strong hedge against inflation. The upper two floors comprise two three-bedroom, two-bathroom apartment units, also currently leased. The property benefits from its proximity to the CTA Blue Line Damen station, ensuring high visibility and accessibility to millions of potential customers annually. With a 7.10% cap rate and an asking price of $3,222,000 ($740.18/sq ft), this investment offers significant potential for long-term growth and passive income. This is a truly unique opportunity to acquire a generational asset in one of Chicago's most desirable locations. The property's prime location and strong tenant ensure a stable and appreciating investment.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Stan's Donuts & Coffee Cafe & Coffee Shop

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6776313
Latitude
41.910017

FAQs

What type of property is this?
Retail property - Chicago Retail Investment Opportunity
Where is this retail property located?
The property is located at 1560 Damen Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,222,000.
What are key features of this property?
This property features: Flagship Stan's Donuts location at Chicago's Six Corners intersection in the Wicker Park-Bucktown neighborhood.; 4,353 SF freestanding building on a 0.31-acre lot with 100% occupancy.; Triple-net (NN) leased to Stan's Donuts for nine years with a 2.0% annual rent increase.
(312) 777-2437 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message