Description
7,600 SF fully-leased high profile commercial property on 1st fl of newer 5-story, 54-unit condo bldg on Halsted in the heart of the Lincoln Park/East Lakeview commercial district. Divided into 4 units, all of which are leased to long term Dental Masters tenant (leased since 2005), large Dunkin Donuts franchisee (10-year lease in 2020), Cosmetic Surgery of Chicago (5-year lease in 2023) and Beyond Ventures salon (5-year lease in 2023), which provide ~$214,000 in NOI for a 7.2% CAP rate with annual rent escalations. 130' of frontage w/12'+ concrete ceilings. 6 garage parking spaces are available for use by owners and tenants (priced separately). Area tenants incl Dom's Kitchen & Market, Home Depot, Guitar Center, Walgreens, Byline Bank, Trader Joes and numerous local restaurants and neighborhood businesses.
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01/2 BATHS
School Ratings & Info
Description
7,600 SF fully-leased high profile commercial property on 1st fl of newer 5-story, 54-unit condo bldg on Halsted in the heart of the Lincoln Park/East Lakeview commercial district. Divided into 4 units, all of which are leased to long term Dental Masters tenant (leased since 2005), large Dunkin Donuts franchisee (10-year lease in 2020), Cosmetic Surgery of Chicago (5-year lease in 2023) and Beyond Ventures salon (5-year lease in 2023), which provide ~$214,000 in NOI for a 7.2% CAP rate with annual rent escalations. 130' of frontage w/12'+ concrete ceilings. 6 garage parking spaces are available for use by owners and tenants (priced separately). Area tenants incl Dom's Kitchen & Market, Home Depot, Guitar Center, Walgreens, Byline Bank, Trader Joes and numerous local restaurants and neighborhood businesses.
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