2628-34 Touhy Ave Chicago, IL 60645

Property Details for 2628-34 Touhy Ave

Year built

1958

Property size

6,648 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Chicago storefront investment opportunity, located at 2628-34 W Touhy Avenue in Cook County, IL, presents a compelling mix of established tenants and potential upside. The 6,648 square foot, single-story brick building boasts five storefronts, offering a diverse tenant mix including Menchies (15+ years), R&B Tire Shop (15+ years), and Allstate Insurance (20+ years, currently vacant), along with Aiki Budo Center. The property features 12 parking spaces in the rear and one drive-in door. The building is well-maintained, with recent updates including two storefront roof replacements, tuckpointing, exterior repainting (2020), and a recently repaved parking lot. Utilities are separately metered (renters pay gas and electric), while the landlord handles snow removal and landscaping. Each unit has individual HVAC. The property enjoys a 70% occupancy rate and generates a strong net operating income (NOI) of $63,855. Situated in a trending neighborhood near Rogers Park, this location benefits from proximity to the Rogers Park Green Line train station (1.2 miles), multiple bus stops, Divvy stations, and easy access to the expressway and Lake Shore Drive. The area is home to a variety of businesses, including AutoZone, Buckingham Rehabilitation Care, and more. This property offers flexibility for a partial user/partial investor, with existing tenants open to long-term lease agreements. Built in 1958, this is a strong investment opportunity in a desirable location. The net rentable square footage is 1,250 square feet. Asking price is $699,000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6962

Latitude

42.0124