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2706 N Halsted St
Chicago, IL 60614

$2,950,000 USD

Storefront Retail Office Condo For Sale  •  7,600 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 7,600 SF
  • Building Class B
  • Year Built 2001
  • Tenancy Multiple
  • Zoning B3-2, Chicago
82 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 2706 Office/Retail 7,600 SF $2,950,000 USD
  • Unit Size: 7,600 SF
  • Condo Use: Office/Retail
  • Price: $2,950,000 USD
  • Sale Type: Investment
  • Price/SF: $388.16 USD
Description
7,600 SF ground floor retail/office space with 130'+ of frontage, divided into 4 separate spaces that are fully leased to Dunkin' (2,000 SF, 2030 expiration), Dental Masters (1,500 SF, leased since 2004), Beyond Ventures Salon (2,700 SF, new 2023 lease) and Cosmetic Surgery of Chicago (1,400 SF, new 2023 lease). There are also 6 garage parking spaces included.  The commercial spaces are NOT part of the condo association but pay CAM as its contribution to some of the building's shared expenses.

Sale Notes
Fully leased property with strong mix of retail and med-tail tenants. 7.2% current CAP rate with annual rent increases.

Description 

5-story mixed-use condo building with 54 residential units above 7,600 SF commercial space.  The commercial space is NOT part of the condo association but contributes to some of the shared expenses. The building includes interior garage parking at the rear of the 1st floor and in the basement.

Highlights

Highly visible fully leased commercial storefronts below newer five story 54 unit condo building
Affluent Lincoln Park neighborhood
Nearby retailers include Home Depot, Guitar Center, Walgreens, Trader Joe's, and Urban Outfitters

Property Flyers

Amenities

  • Signage

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)) 5 min - 2.2 mi
Ravenswood Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.2 mi
Transit/SubwayDriveWalkDistance
Diversey Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 4 min 0.3 mi
Wellington Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 10 min 0.5 mi
Fullerton Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"), Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 13 min 0.7 mi
Belmont Station (Brown, Purple, Red Lines) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"), Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 25 min - 14.0 mi
Chicago O'Hare International 25 min - 15.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Covered
Included in Rent: Yes
Scott Fithian 773-404-4314 The Lord Companies, LLC
Scott Fithian 773-404-4314 The Lord Companies, LLC