2828 Clark StChicago, IL 60657

For Sale
Call for price
Chicago Mixed-Use Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
126
The Century, a 175,065 square foot mixed-use shopping center in Chicago's vibrant Lakeview neighborhood, presents a rare investment opportunity. Strategically located at the high-traffic intersection of Clark, Broadway, and Diversey, this property boasts exceptional co-tenancy, including Trader Joe's, Dom's Fresh Market, Target, Blue Mercury, Starbucks, and TJ Maxx. The property benefits from a dense residential population and high vehicular traffic (nearly 35,000 vehicles daily). Within a quarter-mile radius, retail vacancy is only 2.4%, and limited new retail space has been added since 2018. The surrounding area features affluent demographics: a population of 448,000 within a three-mile radius, with an average household income of $136,000 and a median of $105,000. A significant percentage (70%) hold bachelor's degrees or higher, and a substantial portion (40%) are aged 20-44. Its proximity to Advocate Illinois Masonic Medical Center, a large teaching hospital, further enhances its appeal. Excellent accessibility is ensured by a 95 Walk Score, a 77 Transit Score, and numerous nearby CTA "L" stations and bus routes. This asset offers value-add potential through lease-up and income diversification, making it a prime investment in a high-demand Chicago location. The property's location near Wrigley Field, Lincoln Park, and the Lakefront Trail adds to its desirability.

Highlights

  • Value-add opportunity via lease-up and income diversification.
  • Large mixed-use asset in Chicago with significant upside potential.
  • Prime Lakeview location at the high-traffic Clark/Broadway/Diversey intersection (35,000+ vehicles daily), boasting low retail vacancy (2.4% within 1/4 mile).
  • Strong demographics within 3 miles: 448,000 population, $136,000 average household income, 70% with bachelor's degrees or higher, 40% aged 20-44.
  • Half-mile proximity to Advocate Illinois Masonic Medical Center (408 beds, 1.3M SF, serving 300,000+ annually).
  • Excellent accessibility: 95 Walk Score, 77 Transit Score, multiple CTA "L" stations and bus routes nearby.

Property Details for 2828 Clark St

Property type
Lifestyle centers, Power centers
Square Feet
175,065 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9333925
Longitude
-87.645543
2828 Clark St, Chicago, Illinois

FAQs

What type of property is this?
Lifestyle center - Chicago Mixed-Use Retail Investment
Where is the lifestyle center located?
The property is located at 2828 Clark St Chicago, IL.
What are key features of this property?
This property features: Value-add opportunity via lease-up and income diversification.; Large mixed-use asset in Chicago with significant upside potential.; Prime Lakeview location at the high-traffic Clark/Broadway/Diversey intersection (35,000+ vehicles daily), boasting low retail vacancy (2.4% within 1/4 mile).
How can I contact the broker?
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2828 Clark St
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