For Sale
Request a price

1659 Division St Chicago, IL 60622

7,500 SF, Chicago Retail Opportunity

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional mixed-use building, located at 1659 W Division St in Chicago's desirable Wicker Park neighborhood, presents a compelling investment opportunity. The 7,500 square foot, three-story property boasts a prime location directly across from Target, benefiting from high visibility and significant foot traffic exceeding 15,000 vehicles per day. Currently 20% occupied, the building offers substantial value-add potential through lease-up. A key component is the existing NNN lease with Wake N Bakery, securing 1,500 square feet of ground floor space through January 2032. The upper two floors comprise 13 rooms each, providing flexibility for various uses. Its strategic position near the heavily trafficked intersection of Division Street and Ashland Avenue (38,500 vehicles per day), coupled with proximity to the Kennedy Expressway (I-90/I-94) and the Division Blue Line "L" station (approximately two blocks away), ensures exceptional accessibility. The property is zoned B3-2: Community Shopping District. Built in 1890 and renovated in 2013, it sits on a 0.06-acre lot. The surrounding area is vibrant, featuring numerous established retailers including Jewel-Osco, Lowe's, Walgreens, and many popular restaurants and cafes. This presents a rare chance to acquire a well-positioned mixed-use asset in a thriving Chicago submarket.

Highlights

  • Excellent location at the signalized intersection of Ashland Ave and Division St (38,500 VPD).
  • 7,500 SF mixed-use building, NNN leased to Wake N Bakery through January 2032.
  • Prime location near I-90/I-94 and the Division Blue Line "L" station.
  • Located two blocks west of the Division Blue Line "L" station.

Property Details for 1659 Division St

Property type
Retail properties, Mixed-use properties
Square Feet
7,500 SF
Year Built/Renovated
1890/2013
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9030423
Longitude
-87.6697678

FAQs

What type of property is this?
Retail property - 7,500 SF, Chicago Retail Opportunity
Where is the retail property located?
The property is located at 1659 Division St Chicago, IL.
What are key features of this property?
This property features: Excellent location at the signalized intersection of Ashland Ave and Division St (38,500 VPD).; 7,500 SF mixed-use building, NNN leased to Wake N Bakery through January 2032.; Prime location near I-90/I-94 and the Division Blue Line "L" station.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1659 Division St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message