Colliers International has been retained as the exclusive agent for the sale of 3708 - 3710 N. Clark St, Chicago, IL. This is a generational opportunity to acquire an asset in the exploding Wrigleyville commercial corridor. The property consists of one large restaurant commercial space and 4 rental apartments (the “Offering”). The main property was originally constructed in 1914 and contains approximately 11,014 square feet. The single-story section of the building contains approximately 2,250 square feet. The basement is approximately 3,800 square feet of bathrooms, various freezer space and storage. The whole property sits on roughly 7,405 sf of land.
The property is located in the affluent north side of the city one block north of Wrigley Field. With the Rickett’s ownership of the Chicago Cubs, Wrigleyville has seen $700M in development like never before. Hotels, offices and significant amounts of retail have added to the area. The location has become one of the most desirable corridors in all the City.
The opportunity is to either seek a new, dynamic restaurant and maintain the current apartments or for a complete redevelopment of the property. The existing lease for the restaurant can be cancelled and the apartments rent year to year.
Wrigleyville’s corridor is being transformed by several developments that include the new 173 room Zachary Hotel, a to-be-built 3-story entertainment facility just west on Addison including well known San Francisco based Planet Granite and Addison Park on Clark to name only a few. The area is a tourist destination with 3M+ visitors annually and the bars and restaurants flourish year round and especially in the summer.
3708 - 3710 N. Clark Street is being offered for sale unpriced.
