1551 W Division St, Chicago, IL 60642
For Lease
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This exceptional 2,800-square-foot retail property, located at 1551 W Division St in Chicago, IL (zip code 60642), presents a unique investment opportunity. Priced at $899,000, this NNN-leased building boasts a striking clear-span design with impressive 22.5-foot high ceilings, completely free of columns or pillars. The space also includes a partial basement offering an additional 7-foot ceiling height, providing versatile storage or expansion potential. Previously occupied by a bar/nightclub, the property benefits from its high visibility and high-traffic location within the vibrant Polish Triangle neighborhood. Its strategic placement directly across the street from a busy Division Street CTA Blue Line L-stop and multiple bus stops ensures exceptional accessibility. Surrounded by a thriving mix of bars, restaurants, and established retailers, this property enjoys a prime commercial location. Adding to its convenience, the property is situated just two blocks from the I-90/94 expressway, providing easy access to major transportation routes. The lot size is 3,125 square feet, and the property is zoned B3-1. This property is for sale and represents a compelling opportunity for a discerning investor seeking a high-impact retail space in a dynamic Chicago neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.