2139 N Damen Avenue, Chicago, Cook County, IL, 60647 Chicago IL US

USD 412,500
For Sale MLS: 11678481

Property Details

Bedrooms

2

Bathrooms

2

Neighborhood

Bucktown

Property Type

MultiFamily

Description

* PRIME BUCKTOWN INCOME-PRODUCING COMMERCIAL CONDO FOR SALE ON DAMEN NEAR LINCOLN YARDS * 1,500 Sq Ft recently renovated retail storefront currently NNN leased long-term to local well-established fitness tenant with favorable terms. Situated on high-profile retail corridor w/heavy foot traffic in heart of Bucktown between Armitage & Webster. In high-visibility location on ground floor of 4-story condo building w/13,000 VPD & Walk Score of 88. Stabilized newer construction retail property with strong cash flow (Gross Income = $39,915 / Net Income = $24,258), annual rent increases & 7-year renewal option offers excellent armchair investment opportunity. In prime location for future appreciation 5 blocks from $6 billion Lincoln Yards megadevelopment (delivery in 2024), providing unique buyer upside potential. Features open floor plan w/floor-to-ceiling windows, separate foyer entrance w/interior door, high ceilings, premium lighting throughout, steel rear door & double-locked rear gate. Includes 2 full bathrooms, changing room, storage room, laundry room & under-stair storage closet. In close proximity to dozens of established businesses, located opposite The Bristol, steps from The Royal Grocer & Co. and less than 1/2 block from I-90/94 / Kennedy Damen exit--just minutes to Downtown & O'Hare. B3-2 zoning allows for retail, office or restaurant use. Find out more about this property. Request details here

Location

Address

2139 North Damen Avenue, Chicago, Illinois 60647, United States

City

Chicago

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