3539 Southport Ave Chicago, IL 60657-6447
- Office Properties & Spaces
- 0.28 lot acres
Current Use by Public Records
- CustomEyes (Southport) / Sunglasses Store / Contact Lenses Supplier
- Dr. Casey Crumbliss / Optometrist / Practitioner Service Location
- ThirdLove Chicago - Comfortable Bras & Underwear For All Sizes / Women'S Clothing Store / Clothing Store
- Dr. Ambreen Rahman / Optometrist
- Dr. Kevin Pfeiffer / Optometrist
Property Details for 3539 Southport Ave
- Year built
- 2001
- Lot size
- 0.28 lot acres
- Property type
- Office Properties & Spaces
- APN
- 14-20-304-027-1001
- APU
- 14203040271001
Description
This exceptional 1,150-square-foot retail condominium is located at 3539 N Southport Ave in Chicago, Illinois, zip code 60657. The property boasts a desirable storefront location on a vibrant retail corridor, directly across from Anthropologie. Currently fully leased, the property includes a 450-square-foot basement, also leased to Third Love, a Leap Brand company. The net lease generates a strong NOI of $89,753, resulting in a compelling 6.93% capitalization rate. The asking price is $1,295,000. This location benefits from high household incomes and significant 7-day-a-week pedestrian traffic, making it an ideal retail destination. Its proximity to the Southport CTA Brown Line station (a 5-minute walk) provides convenient access to public transportation, with an annual ridership exceeding 1.3 million. The property is zoned B3-2, and the single tenancy structure offers a straightforward investment opportunity. This is a rare chance to acquire a thriving retail property in one of Chicago's most sought-after neighborhoods.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6636
- Latitude
- 41.9465
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
