1809 Webster AveChicago, IL 60614
- Day care centers & nurseries
- 12,000 SF
Property Details for 1809 Webster Ave
- Property size (Sq ft)
- 12,000 SF
- Property type
- Day care centers & nurseries
- Property subtype
- Retail properties
Description
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.
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.9212
- Longitude
- -87.6731
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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