For Sale
$1,560,000

1244-1254 Wilson AveChicago, IL 60640

Chicago Uptown Storefront Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, 6,124 square foot retail storefront located at 1244-1254 W Wilson Ave in Chicago's vibrant Uptown neighborhood. The property boasts a strong tenant mix including Wagnolia Veterinary Clinic, Pokeology Sushi, Harmony Medical, and JW Creative Home, ensuring a stable and consistent income stream. Built in 1992, the building is in excellent condition and features six new HVAC units. The 7,711 square foot lot provides ample space, and the units are either vanilla boxed or built-out, offering flexibility for future tenants. With 100% occupancy and a Net Operating Income (NOI) of $120.86, this multi-tenant property offers a compelling return on investment. Its prime location, just two blocks from the Wilson Red Line station, places it within easy reach of a densely populated area with abundant amenities, including Target, Jewel, Aragon Ballroom, Green Mill Cocktail Lounge, numerous restaurants, and Wilson Beach. This is a rare chance to acquire a well-maintained, high-performing retail property in a thriving Chicago neighborhood. The property dimensions are approximately 151.35 x 54.7 x 152.55 x 50.55 feet. The asking price is $1,560,000, and the property is offered as a NNN lease. This is a five-unit property with four tenants.

Highlights

  • Exceptional investment opportunity.
  • 7,711 square foot lot.
  • 6,124 square foot building.
  • Irregular lot dimensions.
  • Building in excellent condition.
  • Six new HVAC units.

Property Details for 1244-1254 Wilson Ave

Property type
Retail properties, Retail space
Year Built
1992
Units
5

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.965539
Longitude
-87.6613738
1244-1254 Wilson Ave, Chicago, Illinois

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1244-1254 Wilson Ave
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