CALL FOR OFFERS | OFFERS DUE BY 11/20/2024 | 2301 W Irving Park Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
CALL FOR OFFERS | OFFERS DUE BY 11/20/2024 2301 W Irving Park Rd
12,500 SF Retail Building Chicago, IL 60618 For Sale
Investment Highlights
- Rare, oversized parking lot for an urban site.
- Low rent – replaceable with future upside.
- Excellent future opportunity for redevelopment.
- Lease includes 2 years remaining with three 5-year renewal options.
- Convenient left-hand turn from the main corridor into Walgreens with multiple access points.
- Directly across from The Martha Washington Senior Apartments (104 units).
Executive Summary
CALL FOR OFFERS | OFFERS DUE BY 11/20/2024
Bellagio Real Estate Partners, LLC is pleased to present an investment
opportunity to acquire a dense-infill Walgreens located at 2301 W Irving Park Rd
Chicago, IL in the North Center neighborhood. This property is situated on the
signalized hard corner intersection of W Irving Park Road and N Oakley Ave (30k
Combined VPD). The property features a rare, oversized parking lot for an urban
setting, making it an excellent opportunity for a future redevelopment site.
With existing low rent, there is significant future upside potential. Walgreens
approximately has 2 years left on the lease with three, five-year renewal options.
With a population exceeding 251,000 within a 2-mile radius and a strategic
location directly across from The Martha Washington Senior Apartments and
within 1 mile of Kindred Hospital Chicago North is a great long term
investment.
- Rare, oversized parking lot for an urban site
- Lease includes 2 years remaining with three 5-year renewal options
- Low rent – replaceable with future upside
-Convenient left-hand turn from the main corridor into Walgreens with multiple access points
? Excellent future opportunity for redevelopment
- Directly across from The Martha Washington Senior Apartments (104 units)
- 10 minute drive to the I-90/I-94 Kennedy Expressway (315,000+ VPD)
- Located 1 block over from the major intersection of N Western Ave & W Irving Park RD (60k Combined VPD)
- 10 minute walk from CTA’s Brown Line rail
- Just 1.9 miles from Wrigley Field
- Only 3.3 miles from Montrose Beach
- 15 minute drive to Chicago’s Downtown Loop
- Affluent neighborhood with average HHI of $140,879 within 1 mile of the subject site
- Located directly on the signalized hard corner intersection of W Irving Park RD & N Oakley (30k Combined VPD)
- Strong median home value of $646k within 1 mile of subject
- Less than 1 mile away from Kindred Hospital Chicago North
- Bus stop at corner of property
Bellagio Real Estate Partners, LLC is pleased to present an investment
opportunity to acquire a dense-infill Walgreens located at 2301 W Irving Park Rd
Chicago, IL in the North Center neighborhood. This property is situated on the
signalized hard corner intersection of W Irving Park Road and N Oakley Ave (30k
Combined VPD). The property features a rare, oversized parking lot for an urban
setting, making it an excellent opportunity for a future redevelopment site.
With existing low rent, there is significant future upside potential. Walgreens
approximately has 2 years left on the lease with three, five-year renewal options.
With a population exceeding 251,000 within a 2-mile radius and a strategic
location directly across from The Martha Washington Senior Apartments and
within 1 mile of Kindred Hospital Chicago North is a great long term
investment.
- Rare, oversized parking lot for an urban site
- Lease includes 2 years remaining with three 5-year renewal options
- Low rent – replaceable with future upside
-Convenient left-hand turn from the main corridor into Walgreens with multiple access points
? Excellent future opportunity for redevelopment
- Directly across from The Martha Washington Senior Apartments (104 units)
- 10 minute drive to the I-90/I-94 Kennedy Expressway (315,000+ VPD)
- Located 1 block over from the major intersection of N Western Ave & W Irving Park RD (60k Combined VPD)
- 10 minute walk from CTA’s Brown Line rail
- Just 1.9 miles from Wrigley Field
- Only 3.3 miles from Montrose Beach
- 15 minute drive to Chicago’s Downtown Loop
- Affluent neighborhood with average HHI of $140,879 within 1 mile of the subject site
- Located directly on the signalized hard corner intersection of W Irving Park RD & N Oakley (30k Combined VPD)
- Strong median home value of $646k within 1 mile of subject
- Less than 1 mile away from Kindred Hospital Chicago North
- Bus stop at corner of property
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
C
Year Built
1991
NOI
$247,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.76 AC
Zoning
B3-2 - Community Shopping District - Shopping centers, large stores, and retail storefronts, often along major streets. Apartments permitted above 1st floor.
Parking
49 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
357 FT on W Irving Park Rd
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $85,802 | |
| Land Assessment | $495,450 | Total Assessment | $581,252 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$495,450
Improvements Assessment
$85,802
Total Assessment
$581,252
Contacts
-
Brad Teitelbaum -
Austin Coll -
Cameron Weitzel -
Connor Oke -
Bellagio Real Estate Partners LLC
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CALL FOR OFFERS | OFFERS DUE BY 11/20/2024 | 2301 W Irving Park Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.