For Sale
$3,137,000
2577 Clark St Chicago, IL 60614
High-return, single-tenant restaurant in prime location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- Net lease with secure cash flow: 100% occupied by Briny Hospitality on a new 7-year net lease with three 5-year options; 4% annual rent escalations years 2-3, 2.5% thereafter.
- Premium location & high traffic: ±103 feet of frontage on Clark Street in Lincoln Park, exposed to 16,000 vehicles daily, near numerous national retailers.
- High-income demographic: Located in Chicago's 60614 zip code, the #1 in Illinois for adjusted gross income; nearby demographics show 84,205 residents, $130,001 average household income, and $471,305 median home value.
- Strong consumer spending: Lincoln Park residents, with a median age of 35, spend $450 million annually on food & beverage and $115 million on clothing & accessories.
- Excellent transit & accessibility: Ideally situated near major intersections, 0.5 miles from Lake Shore Drive, 0.6 miles from the CTA Brown/Purple Diversey station, and near multiple bus routes.
- Proximity to DePaul University: Benefits from the presence of 24,000 students and 4,000 faculty/staff, with over 80% of students living off-campus.
Property Details for 2577 Clark St
- Property type
- Retail properties, Restaurants
- Square Feet
- 9,200 SF
- Class
- A
- Year Built/Renovated
- 1928/2024
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.9298812
- Longitude
- -87.6426396
2577 Clark St, Chicago, Illinois
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return, single-tenant restaurant in prime location.
- Where is the retail property located?
- The property is located at 2577 Clark St Chicago, IL.
- What is the asking price?
- The asking price for this property is $3,137,000.
- What are key features of this property?
- This property features: Net lease with secure cash flow: 100% occupied by Briny Hospitality on a new 7-year net lease with three 5-year options; 4% annual rent escalations years 2-3, 2.5% thereafter.; Premium location & high traffic: ±103 feet of frontage on Clark Street in Lincoln Park, exposed to 16,000 vehicles daily, near numerous national retailers.; High-income demographic: Located in Chicago's 60614 zip code, the #1 in Illinois for adjusted gross income; nearby demographics show 84,205 residents, $130,001 average household income, and $471,305 median home value.
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