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2706 N Halsted St - 2706 N Halsted commercial property for sale
7,600 SF Office/Retail Condo Unit Offered at $2,950,000 in Chicago, IL 60614
Investment Highlights
- Highly visible fully leased commercial storefronts below newer five story 54 unit condo building
- Nearby retailers include Home Depot, Guitar Center, Walgreens, Trader Joe's, and Urban Outfitters
- Affluent Lincoln Park neighborhood
Executive Summary
5-story mixed-use condo building with 54 residential units above 7,600 SF commercial space. The commercial space is NOT part of the condo association but contributes to some of the shared expenses. The building includes interior garage parking at the rear of the 1st floor and in the basement.
Data Room Click Here to Access
- Pro Forma
Property Facts
1 Unit Available
Unit 2706
| Unit Size | 7,600 SF | Cap Rate | 7.25% |
| Price | $2,950,000 | NOI | $214,000 |
| Price Per SF | $388.16 | No. Parking Spaces | 6 |
| Condo Use | Office/Retail | APN/Parcel ID | 14-29-407-099-0000 |
| Sale Type | Investment |
| Unit Size | 7,600 SF |
| Price | $2,950,000 |
| Price Per SF | $388.16 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| NOI | $214,000 |
| No. Parking Spaces | 6 |
| APN/Parcel ID | 14-29-407-099-0000 |
Description
7,600 SF ground floor retail/office space with 130'+ of frontage, divided into 4 separate spaces that are fully leased to Dunkin' (2,000 SF, 2030 expiration), Dental Masters (1,500 SF, leased since 2004), Beyond Ventures Salon (2,700 SF, new 2023 lease) and Cosmetic Surgery of Chicago (1,400 SF, new 2023 lease). There are also 6 garage parking spaces included. The commercial spaces are NOT part of the condo association but pay CAM as its contribution to some of the building's shared expenses.
Sale Notes
Fully leased property with strong mix of retail and med-tail tenants. 7.2% current CAP rate with annual rent increases.
Major Tenant Information Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Dunkin' |
99,999 SF SF
|
Jan 0000
|
| The Dental Masters |
99,999 SF SF
|
Jan 0000
|
| Cosmetic Surgery of Chicago |
99,999 SF SF
|
Jan 0000
|
| Beyond Ventures Salon |
99,999 SF SF
|
Jan 0000
|
Amenities
- Signage
Nearby Major Retailers
zoning
| Zoning Code | B3-2, Chicago (the B3 Community Shopping district accommodates a very broad range of retail and service uses including shopping centers and larger buildings) |
| B3-2, Chicago (the B3 Community Shopping district accommodates a very broad range of retail and service uses including shopping centers and larger buildings) |
-
Scott Fithian -
The Lord Companies, LLC
Presented by
2706 N Halsted St - 2706 N Halsted commercial property for sale
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