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    OFF-MARKET
    Retail properties & Spaces

    1040 Argyle St, Chicago, IL 60640

    Property ID
    Property summary
    AI-generated overview

    This exceptional Uptown property offers a unique blend of retail and warehouse space, ideal for a variety of businesses. The 7,200-square-foot space is currently configured as a liquor store and attached warehouse, presenting a turnkey opportunity for an established or emerging enterprise. The storefront comprises 3,200 square feet of attractive retail space, perfectly suited for customer interaction and product display. Adjacent to the storefront is a 4,000-square-foot warehouse, previously an Uptown Theater, offering ample storage or production space. The entire 7,200 square feet is available for lease at a monthly rate of $13,000, subject to a 5% annual rent increase. The lease is a NNN (Triple Net) agreement, meaning the tenant is responsible for all property taxes, insurance, and maintenance of their occupied space. Utilities are also billed back to the tenant based on square footage. The landlord seeks a lease term ranging from three to ten years. The property will be available for occupancy starting January 1st, 2025. This presents a rare opportunity to secure a substantial and versatile commercial space in a desirable Uptown location. Don't miss this chance to establish your business in a vibrant and thriving area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    • Foremost Liquor Uptown (Bike/Boat/Book/etc) Store Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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