2706 Halsted St Chicago, IL 60614

This exceptional investment opportunity presents a fully leased, 7,600 square foot medical office building situated in Chicago's desirable Lincoln Park neighborhood. The property boasts 130 feet of prime frontage on Halsted Street, offering unparalleled visibility and accessibility. The building is comprised of four distinct units, currently occupied by a diverse tenant mix including a dental practice (leased since 2004), a cosmetic surgery center (new 5-year lease in 2023), a large Dunkin' Donuts franchisee (10-year lease since 2020), and a salon (new 5-year lease in 2023). The building features a strong net operating income (NOI) of approximately $213,600, yielding a 7.24% capitalization rate. The current leases offer a stable income stream, with built-in rent bumps of 2.5% to 3.0% annually. The property, built in 2001 and renovated in 2023, is classified as a Class B building with a gross lease structure. Six parking spaces are available in an attached heated garage for owner/employee use. The property is zoned B3-2 and is conveniently located near Diversey Parkway, the Clark/Broadway/Diversey intersection, and public transportation. This is a standalone commercial property, separate from the residential condominium units above. The asking price is $2,950,000. This presents a rare opportunity to acquire a stabilized, high-performing asset in a prime location.