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1915-1917 N Damen Ave
Chicago, IL 60647 Bucktown

$999,900 USD

Storefront Condo For Sale  •  3,160 SF

Property Details

  • Property Type Storefront
  • Total Building Size 18,000 SF
  • Lot Size 0.14 AC
  • Building Class B
  • Year Built 2007
  • Tenancy Multiple
  • Zoning B3-2
75 Transit Score
95 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 & 2 Medical Office 3,160 SF $999,900 USD
  • Unit Size: 3,160 SF
  • Condo Use: Medical Office
  • Price: $999,900 USD
  • Sale Type: Investment
  • Price/SF: $316.42 USD
Description
TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTUNITY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE OR OCCUPY ONE AND LEASE THE OTHER. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. BOTH LEASES EXPIRE 12/31/2028 WITH ANNUAL INCREASES. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 8.9% CAP RATE PROPERTY AND TRIPLE NNN LEASES.

Sale Notes
Exceptional Investment Features
-High Foot Traffic: Busy Damen Ave location with lots of pedestrians and 12,700 cars driving by daily.
-Strong Demographics: Located in an area with excellent customer base potential.
-Triple NNN Leases: Tenants cover taxes, insurance, and maintenance, maximizing your return.
-CAP Rate: 7.6% – A smart addition to any real estate portfolio.

Description 

TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTUNITY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE OR OCCUPY ONE AND LEASE THE OTHER. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. BOTH LEASES EXPIRE 12/31/2028 WITH ANNUAL INCREASES. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 8.9% CAP RATE PROPERTY AND TRIPLE NNN LEASES. YOU CAN'T GO WRONG!

Highlights

PRIME LOCATION SITUATED IN THE BUCKTOWN NEIGHBORHOOD
TENANTS IN PLACE WITH LEASES EXPIRING 12/31/2028
STRONG DEMOGRAPHICS
LOTS OF DAYTIME FOOT TRAFFIC
GREAT STREET EXPOSURE
LONG TERM TENANTS

Property Flyers

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 11 min 0.6 mi
Western Avenue Station (MD-N/MD-W/NCS) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Damen Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 9 min 0.5 mi
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 11 min 0.6 mi
Western Station (Blue Line - O'Hare Branch) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 25 min - 12.3 mi
Chicago O'Hare International 46 min - 17.7 mi
Ruben Vallejo 708-560-3499 VRS Commercial
Ruben Vallejo 708-560-3499 VRS Commercial