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Brick Building with Five Storefronts 2628-2634 W Touhy Ave

6,850 SF 64% Leased Retail Building Chicago, IL 60645 £572,258 (£84/SF) 8.76% Net Initial Yield

Investment Highlights

  • Located in a Trending Neighborhood near Rogers Park, on Touhy, just west of Rockwell
  • Solid long term Tenants in place with the flexibility for a partial user/ partial investor
  • Self-managed, single story, brick building with ample parking in the rear (12 spaces) and five storefronts

Executive Summary

Located in a Trending Neighborhood near Rogers Park, on Touhy, just west of Rockwell. Self-managed, single story, brick building with ample parking in the rear (12 spaces) and five storefronts on Touhy Avenue. Long term tenants in place: Menchies (15+ years), R&B Tire Shop (15+ years), All State Insurance (20+ years, currently vacant) and AIKI Budo Center. Tenants are open to signing long term leases or there is flexibility for a partial user/ partial investor. Utilities are separately metered, renters pay for gas and electric; each unit has individual HVAC; Landlord is responsible for snow removal and landscaping. Well maintained building with recent updates: two storefront roofs were replaced, recently tuckpointed, exterior was repainted in 2020, recently repaved parking lot. 1.2 Miles to the Rogers Park Green line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lake Shore Drive. Area tenants include: Autozone, Buckingham Rehabilitation Care, Ann Blitstein Teachers Institute, North View Dry Cleaners, Pearly Whites Dental, Andres Roofing, A Gentle Wind Florist, 7-Eleven and much more!

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,850 SF
Building Class
C
Year Built
1958
Price
£572,258
Price Per SF
£84
Net Initial Yield
8.76%
NOI
£50,126
Percent Leased
64%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.71
Land Acres
0.22 AC
Zoning
B3-1
Parking
12 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
76 ft on W Touhy

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • AIKI Budo Center
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • -
  • Allstate Insurance Company
  • Finance and Insurance
  • 99,999 SF
  • -
  • -
  • Munchies
  • Retailer
  • 99,999 SF
  • -
  • -
  • R& B Tires
  • Retailer
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
AIKI Budo Center Arts, Entertainment, and Recreation 99,999 SF - -
Allstate Insurance Company Finance and Insurance 99,999 SF - -
Munchies Retailer 99,999 SF - -
R& B Tires Retailer 99,999 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2628.5
  • 1,250 SF
  • Office/Retail
  • -
  • Now

1,250 SF Office/Retail space, located in a trending neighborhood near Rogers Park, on Touhy, just west of Rockwell. Single story, brick building with parking in the rear and five storefronts on Touhy Avenue. Former location of a very successful insurance office, which occupied the space for 15+ years. Utilities are separately metered, renters pay for gas and electric; each unit has individual HVAC; Well maintained building with recent updates: two storefront roofs were replaced, recently tuckpointed, exterior was repainted in 2020, recently repaved parking lot; Landlord is responsible for snow removal and landscaping. 1.2 Miles to the Rogers Park Green line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lake Shore Drive. Zoning – B3-1; Built – 1958; Alderman – Debra Silverstein / 50th Ward;

Space Size Space Use Position Available
2628.5 1,250 SF Office/Retail - Now

2628.5

Size
1,250 SF
Space Use
Office/Retail
Position
-
Available
Now

2628.5

Size 1,250 SF
Space Use Office/Retail
Position -
Available Now

1,250 SF Office/Retail space, located in a trending neighborhood near Rogers Park, on Touhy, just west of Rockwell. Single story, brick building with parking in the rear and five storefronts on Touhy Avenue. Former location of a very successful insurance office, which occupied the space for 15+ years. Utilities are separately metered, renters pay for gas and electric; each unit has individual HVAC; Well maintained building with recent updates: two storefront roofs were replaced, recently tuckpointed, exterior was repainted in 2020, recently repaved parking lot; Landlord is responsible for snow removal and landscaping. 1.2 Miles to the Rogers Park Green line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lake Shore Drive. Zoning – B3-1; Built – 1958; Alderman – Debra Silverstein / 50th Ward;

Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

The YMCA
Starbucks
Chase Bank
Byline Bank
Buffalo Wild Wings
Bank of America
Citizens Bank
U.S. Bank
IHOP
Huntington National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-25-426-045-0000
Land Assessment
£82,130 (2024)
Improvements Assessment
£27,965 (2024)
Total Assessment
£110,095 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
  • Listing ID: 26620039

  • Date on Market: 13/09/2022

  • Last Updated:

  • Address: 2628-2634 W Touhy Ave, Chicago, IL 60645

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