For Sale
$3,950,000

1809 Webster AveChicago, IL 60614

Chicago Daycare, Multi-Tenant NNN

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a multi-tenant daycare property at 1809 W Webster Ave, Chicago, IL 60614. This 12,000 square foot property, situated on a 23,182 square foot lot, boasts two buildings and currently enjoys 100% occupancy with four tenants, including Frame Factor and Simes Studio. One building houses four commercial spaces, while the second, a two-story frame structure, accommodates a dog daycare. The property offers ample on-site parking. Priced at $3,950,000, it presents a compelling 8.43% cap rate and a strong NOI of $332,871. The C1-3 zoning allows for diverse uses, including residential, retail, or office spaces, making it ideal for owner-occupancy or continued operation as a thriving daycare center. This is a rare opportunity, as the property hasn't been sold in over 30 years. The sale does not include the billboard. The property is a Net Lease (NNN) investment with a multi-tenant structure. The asking price per square foot is $329.17.

Highlights

  • Multi-tenant daycare property at 1809 W Webster Ave, Chicago, IL 60614.
  • 12,000 square foot building on a 23,182 square foot lot with two buildings and 100% occupancy.
  • Four tenants, including Frame Factor and Simes Studio.
  • $3,950,000 asking price, 8.43% cap rate, and $332,871 NOI.
  • C1-3 zoning allows for diverse uses, including residential, retail, or office.
  • Ample on-site parking and NNN lease structure.

Property Details for 1809 Webster Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
12,000 SF
Buildings
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9211555
Longitude
-87.6731187
1809 Webster Ave, Chicago, Illinois

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1809 Webster Ave
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