3661 Division St Chicago, IL 60651

Property Details for 3661 Division St

Year built

1990

Lot size

0.48 lot acres

Property size

2,604 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a vacant 2,604 square foot storefront located at 3661 W Division Street in Chicago, Illinois. The property, built in 1990, sits on a 0.48-acre lot and is zoned C2-1, allowing for a wide range of commercial uses. Currently vacant, this single-story building offers significant value-add potential for an investor. The property features a drive-thru and has recently undergone capital improvements, including a full rehab of one unit, new electrical and plumbing systems, a new electrical panel, a separate meter for exterior lighting, and upgraded LED outdoor pole lights. Its prime location at the six-way intersection of W Division Street, W Grand Avenue, and N Monticello Avenue in the Humboldt Park neighborhood provides excellent visibility and accessibility. The area boasts strong demographics, with over 457,200 people residing within a 3-mile radius and an average household income exceeding $104,814. Daily traffic counts surpass 26,900 vehicles on the adjacent streets. The surrounding area includes numerous national retailers and local businesses, creating a robust consumer base. This property is offered at $1,150,000, with a price per square foot of $441.63 and a land value of $55.08 per square foot. The property is ideal for owner-occupancy or leasing to one or two tenants. This is a rare opportunity to acquire a well-located, value-add retail property in a thriving Chicago neighborhood.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.71894685

Latitude

41.90276617