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    OFF-MARKET
    Retail properties & Spaces

    1659 Division St, Chicago, IL 60622

    7,500 SF 0.06 ac lot Built 1890
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1890
    Total area 7,500 SF
    Lot 0.06 ac (2,614 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Wake-N-Bakery Wicker Park Cafe & Coffee Shop
    • ホリデイ ジョーンズ Hotel & Motel
    • Funk House General Contractor Renovation Specialist
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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