1659 Division St, Chicago, IL 60622
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.
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Wake-N-Bakery Wicker Park Cafe & Coffee Shop
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ホリデイ ジョーンズ Hotel & Motel
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Funk House General Contractor Renovation Specialist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.