Listing Tools

HUGE PRICE REDUCTION!!! ***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent with questions***. Fully leased, NNN, 3,160 square foot retail storefront 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: $120,264, Net Income: $81,507) and a high rate of return (8.15%) 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 in 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, and annual rent increases.

Property Details of 1917 North DAMEN Avenue

Property Details

Exterior Features

Other Details

Map Location

Driving Directions

Listed by Snezhina Dobreva of Dobreva Commercial Inc

Based on information submitted to MRED  as of October 16, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: