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About the Listing 12683 - 125475
TURNKEY Investment Opportunity! FULLY LEASED with two, high quality, long-term tenants. NNN leases with 9- and 4-year remaining terms make this an armchair investment for many years to come. NOI $112,785 and a CAP RATE of 6.1 in 2026 and both leases have yearly escalations. Combined, they total 3,004 square feet of 13' tall retail space with high quality buildouts. Also included is 1 indoor parking space. Both stores have outdoor seating areas in the summer months. This premium space is on the ground floor of a 25-unit high-end condo building built in 2004. It has its own tax PIN and IS NOT PART OF THE CONDO ASSOCIATION. Prominent corner location with 137' frontage at the high traffic stop-sign corner of Halsted and Cornelia, one block south of Addison, in the East Lakeview neighborhood. 1-mile population radius 92K, 3-mile 410K. Average Household Income is $148K, daily traffic 13K, Walk Score 96, Transit Score 86. The new 71,000 SF Howard Brown Health Center is across the street and Wrigley Field, Whole Foods, and Target are all within three blocks of the property. Halsted #8 bus stop is on the corner, and the CTA Red line stop is 2.5 blocks away. PLEASE DO NOT DISTURB TENANTS
Listing Highlights
Status
Active
Days on Site
20
Property Type
Commercial Sale
MLS ®
12553256
Year Built
2004
Total Square Footage
47,000
Lot/Acreage
0.32
County
Cook
Area
CHI - Lake View
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Central Individual,Exhaust Fan
- Heating: Central Heat/Indiv Controls,Electric,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 110x125
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces,Assigned Spaces,Heated,Secured
Financial Details
- Tax Amount: $34,162
- Taxes w/Assessments: N/A
- Tax/Property ID: 14204070490000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
3500 N Halsted St Chicago, IL 60657
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