1809 W Webster Ave
12,200 SF 100% Leased Retail Building Chicago, IL 60614 $3,850,000 ($315.57/SF) 8.65% Cap Rate
EXECUTIVE SUMMARY
Would be a perfect fit for owner-occupied day care facility. Rare Opportunity to own a Property in the best location, first time being sold in 30+ years!!! Property consists of 2 buildings, main building is built out for 3 commercial spaces. The current tenants include Frame Factor and Simes Studio. The second building is a frame two story structure, occupied by a longtime a premier dog adoption company, on the wood street side double lot. This Mixed-Use property offers a wide range of potential possibilities for Residential, Stores or offices under C1-3 zoning. 20,000 square feet of land, which includes ample on-site parking. DOES NOT INCLUDED BILLBOARD.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,200 SF
Building Class
C
Year Built
1943
Price
$3,850,000
Price Per SF
$315.57
Cap Rate
8.65%
NOI
$332,871
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.00
Lot Size
0.28 AC
Zoning
C1-3 - Neighborhood Commercial District
Parking
28 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-31-210-036-0000 | Improvements Assessment | $115,800 |
| Land Assessment | $169,200 | Total Assessment | $285,000 |
