For Sale
$6,500,000

670 Diversey Pkwy Chicago, IL 60614

Lincoln Park, Chicago: 100% occupied, 3-tenant retail.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional three-tenant retail property, located at 670 W Diversey Parkway in Chicago's desirable Lincoln Park neighborhood, presents a compelling investment opportunity. The 10,660 square foot building boasts 100% occupancy with a strong tenant mix including Nando's, Massage Envy, and 2nd Street, ensuring consistent cash flow. The property enjoys a prime location within a thriving retail corridor, benefiting from high foot traffic and proximity to major national retailers such as Trader Joe's, The Fresh Market, Barnes & Noble, J. Crew Factory, and Express. The 0.28-acre lot provides ample space for the existing building and potential future expansion. With a strong net operating income (NOI) of $490,832 and an attractive 7.50% capitalization rate, this offering represents a rare chance to acquire a fully leased, high-performing asset in one of Chicago's most affluent and densely populated areas. The surrounding area boasts exceptional demographics, with 97,100 residents within a one-mile radius, enjoying an average household income of $161,300 and a median home value of $528,700. The asking price for this exceptional investment is $6,500,000. This property offers a secure and profitable investment with significant long-term potential. The property is categorized as a storefront and is situated in Cook County, Illinois, with a zip code of 60614.

Highlights

  • 10,660 SF, 100% occupied, three-tenant retail building in Chicago's Lincoln Park neighborhood.
  • Strong tenant mix including Nando's, Massage Envy, and 2nd Street, generating a $490,832 NOI and a 7.50% cap rate.
  • Prime location on Diversey Parkway with high foot traffic and proximity to major national retailers.
  • 0.28-acre lot with potential for future expansion.
  • Asking price: $6,500,000.

Property Details for 670 Diversey Pkwy

Property type
Retail properties, Retail space
Square Feet
10,660 SF
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.93274418297
Longitude
-87.646549133361
670 Diversey Pkwy, Chicago, Illinois

FAQs

What type of property is this?
Retail property - Lincoln Park, Chicago: 100% occupied, 3-tenant retail.
Where is the retail property located?
The property is located at 670 Diversey Pkwy Chicago, IL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 10,660 SF, 100% occupied, three-tenant retail building in Chicago's Lincoln Park neighborhood.; Strong tenant mix including Nando's, Massage Envy, and 2nd Street, generating a $490,832 NOI and a 7.50% cap rate.; Prime location on Diversey Parkway with high foot traffic and proximity to major national retailers.
How can I contact the broker?
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670 Diversey Pkwy
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