1659 Division St Chicago, IL 60622
- Retail properties
- 7,500 SF
- 0.06 lot acres
Current Use by Public Records
- Wake-N-Bakery Wicker Park / Coffee Shop
- ホリデイ ジョーンズ / Hotel
- Funk House / Cabinet Maker
Property Details for 1659 Division St
- Year built
- 1890
- Lot size
- 0.06 lot acres
- Property size
- 7,500 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use building, located at 1659 W Division St in Chicago's desirable Wicker Park neighborhood, presents a compelling investment opportunity. The 7,500 square foot, three-story property boasts a prime location directly across from Target, benefiting from high visibility and significant foot traffic exceeding 15,000 vehicles per day. Currently 20% occupied, the building offers substantial value-add potential through lease-up. A key component is the existing NNN lease with Wake N Bakery, securing 1,500 square feet of ground floor space through January 2032. The upper two floors comprise 13 rooms each, providing flexibility for various uses. Its strategic position near the heavily trafficked intersection of Division Street and Ashland Avenue (38,500 vehicles per day), coupled with proximity to the Kennedy Expressway (I-90/I-94) and the Division Blue Line "L" station (approximately two blocks away), ensures exceptional accessibility. The property is zoned B3-2: Community Shopping District. Built in 1890 and renovated in 2013, it sits on a 0.06-acre lot. The surrounding area is vibrant, featuring numerous established retailers including Jewel-Osco, Lowe's, Walgreens, and many popular restaurants and cafes. This presents a rare chance to acquire a well-positioned mixed-use asset in a thriving Chicago submarket.
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
- -87.6698
- Latitude
- 41.903
