1635-1637 N Damen Ave | Chicago, IL 60647
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1635-1637 N Damen Ave
Chicago, IL 60647
bartaco · Retail Property For Sale
Investment Highlights
- Rare, Urban Infill Chicago Irreplaceable Six-Corner Acquisition Opportunity
- Growing Restaurant Concept Owned by L Catterton
- Located in Bucktown/Wicker Park Neighborhood - One of Chicago’s Most Coveted Retail Corridors
- Net Lease with 9 Years of Lease Term & Annual Rental Increases
- Outstanding Urban Infill Demographics
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the
bartaco located in the Bucktown/Wicker Park neighborhood of Chicago, IL (“The Property”). The Property consists
of a 5,824 square foot urban infill retail building that was remodeled in 2023, operating under a brand new 9-year
NNN lease with landlord responsibilities limited to roof and structure only. Additionally, the lease features 2.5% rental
increases annually providing investors with a hedge against inflation. See lease abstract for full details.
bartaco located in the Bucktown/Wicker Park neighborhood of Chicago, IL (“The Property”). The Property consists
of a 5,824 square foot urban infill retail building that was remodeled in 2023, operating under a brand new 9-year
NNN lease with landlord responsibilities limited to roof and structure only. Additionally, the lease features 2.5% rental
increases annually providing investors with a hedge against inflation. See lease abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,368 SF
Building Class
C
Year Built
1902
NOI
£285,393
Tenancy
Single
Number of Floors
2
Building FAR
0.41
Lot Size
0.13 AC
Zoning
B3-2
Parking
2 Spaces (0.34 Spaces per 1,000 SF Leased)
Frontage
73 ft on Damen Ave
Amenities
- Fireplace
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £70,723 | |
| Land Assessment | £57,755 | Total Assessment | £128,477 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£57,755
Improvements Assessment
£70,723
Total Assessment
£128,477
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