Address
1917 N DAMEN Avenue Chicago, IL
Price
$ 1,249,000
Property Attributes
  • MLS#10847415
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Logan Square
  • NeighborhoodBucktown
  • Zip60647
  • StyleCommercial
  • Year Built2006
  • Taxes24940
  • Price$ 1,249,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3160
Listing Provided Courtesy Of:
Dobreva Commercial Inc
Property Description

***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent instead". Fully leased, NNN, 3,160 square foot retail property built in 2006. The property comprises of two ground level units located on a highly trafficked Damen Ave (22,100 VPD) just South of Armitage Ave (21,000 VPD) in the heart of the Bucktown's popular destination shopping strip. The property is 100% leased to two local and very successful businesses that have multiple locations in the city. The property offers strong cash flow (Gross Income: $117,172, Net Income: $78,747) and a good rate of return (6.3%) with annual rent increases. The property has been recently renovated with high-end finishes and has no deferred maintenance. Each unit is separately metered for gas, electric, and water and has its own HVAC system. The corner location offers excellent exposure, high visibility, vehicle, and foot traffic. The property is located on the trendy section of Damen surrounded by boutiques, retail shops, restaurants, shopping, major retailers, and public transportation. This offering represents a unique opportunity for an investor to acquire a stabilized newer construction retail property with strong cash flow, a high-quality tenant mix, and a good rate of return. A new owner can also take advantage of the current low-interest rates, excellent location for future appreciation, annual rent increases, and low vacancy rates in the area.

Price History
9/4/2020 Listed $1,249,000

General Features

Property Type Retail/Stores
Property Type Commercial Sale
Standard Status Active
Zoning COMMR

Exterior Features

Building Area Total 3160
Exterior Brick
Lot Dimensions COMMON

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60647

Price
AVG $620K
$1.25M
Taxes
AVG $15,271
$24,940
Visits
AVG 41
31
Year Built
AVG 1951
2006
Walkscore
AVG 94
96
Data Provided by Walkscore ® not using MLS data