For Sale
$799,000

1913 Chicago Ave Chicago, IL 60622

West Town School of Rock, 100% Occupied

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional single-story, single-tenant retail storefront in Chicago's desirable West Town neighborhood presents a compelling investment opportunity. The 2,644 square foot building, constructed in 1988, is fully occupied by a School of Rock, operating under a triple-net (NNN) lease extending to October 2030, ensuring consistent cash flow. Situated on a 2,644 square foot lot, the property boasts a prime location within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, benefiting from excellent accessibility and high foot traffic. The B3-2 zoning allows for a variety of uses, adding future flexibility. The property's strong tenant, coupled with its location in a thriving, stable community known for its tree-lined streets and desirable housing stock, makes this a low-risk, high-reward investment. The asking price is $799,000. This core investment asset offers a rare chance to acquire a stabilized, fully occupied property in one of Chicago's most sought-after neighborhoods. The property's single-tenant occupancy simplifies management, while the long-term lease provides predictable income. The Cook County property features one building and is identified by APN 17072000180000. This is an ideal addition to any portfolio seeking stable, long-term returns in a prime Chicago location.

Highlights

  • Prime West Town location.
  • NNN-leased property with a strong national tenant.
  • Situated within the Chicago Avenue Transit-Oriented Development (TOD) zone.
  • 100% occupancy.
  • Owned by an Illinois licensed real estate broker.

Property Details for 1913 Chicago Ave

Property type
Retail properties, Retail space
Square Feet
2,644 SF
Year Built
1988
Buildings
1
Stories
1
Units
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.895959100787
Longitude
-87.675277657206

FAQs

What type of property is this?
Retail property - West Town School of Rock, 100% Occupied
Where is the retail property located?
The property is located at 1913 Chicago Ave Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime West Town location.; NNN-leased property with a strong national tenant.; Situated within the Chicago Avenue Transit-Oriented Development (TOD) zone.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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1913 Chicago Ave
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