For Sale
Call for price

3539 Southport AveChicago, IL 60657

Prime Chicago Retail Space, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1,150 square foot retail condominium is located at 3539 N Southport Avenue in Chicago, Illinois, within the vibrant Southport Corridor. The property boasts a desirable B3-2 zoning classification and features a partial basement, adding valuable storage space. Two convenient parking spaces are included, a rare amenity in this high-traffic area. Currently leased to Custom Eyes Optical, a well-established and successful business with eight locations, this property offers a strong, stable income stream. The tenant has occupied the space for over 20 years, demonstrating a long-term commitment to the location. The Southport Corridor is renowned for its high pedestrian traffic, seven days a week, making it an ideal location for retail businesses. The property's proximity to the Southport CTA Brown Line station (a five-minute walk) provides excellent accessibility, benefiting from approximately 1.3 million annual riders. This NNN lease structure minimizes landlord responsibilities, further enhancing the investment potential. The property generates a substantial net operating income (NOI) of $72,633, making it an attractive opportunity for investors seeking a stable and profitable retail investment in a prime Chicago location. The property's location across from Anthropologie underscores its position within a thriving retail environment. This is a rare opportunity to acquire a well-located, income-producing retail condo in one of Chicago's most desirable neighborhoods.

Highlights

  • NNN Retail Condo for Sale
  • Excellent Southport Corridor Location
  • High Pedestrian Traffic, 7 Days a Week
  • 5-Minute Walk to Southport CTA Station (Brown Line)
  • Southport Station boasts 1.3 Million Annual Riders

Property Details for 3539 Southport Ave

Property type
Retail properties
Square Feet
1,150 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9464445
Longitude
-87.6637015
3539 Southport Ave, Chicago, Illinois

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3539 Southport Ave
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