1701 Paulina St Chicago, IL 60657
- Retail properties
- 800 SF
Current Use by Public Records
- Retail properties
Property Details for 1701 Paulina St
- Year built
- 2006
- Property size
- 800 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
Two commercial condos are available for sale or lease in Chicago's vibrant Lakeview neighborhood, situated at the highly visible corner of Belmont and Paulina Streets. The larger unit, spanning 1,800 square feet, boasts impressive frontage of 53 feet on Belmont and 40 feet on Paulina, maximizing street-level visibility. This corner unit features five private offices, two bathrooms, and a spacious reception area, ideal for a medical practice or other professional services. The second condo, an 800-square-foot inline unit, offers 33 feet of frontage along Paulina Street, with large display windows facing a Walgreens, ensuring high foot traffic. Both units are built to a high standard (2006 construction) and are offered under a triple net (NNN) lease structure. The property benefits from its location in a strong retail corridor, near a high-performing Whole Foods, and enjoys excellent public transportation access, with a six-minute walk to the Brown Line "L" train and 24-hour bus service on Belmont Avenue. The median household income within a one-mile radius is $143,262, indicating a strong and affluent demographic. The property's prime location and versatile space make it an exceptional investment opportunity with a 1.50% cap rate. The total available square footage ranges from 800 to 1,800 square feet, offering flexibility for various business needs.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6713
- Latitude
- 41.9394
