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2706 N Halsted St - 2706 N Halsted commercial property for sale

7,600 SF Office/Retail Unit Offered at £2,315,723 in Chicago, IL 60614

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Investment Highlights

Highly visible fully leased commercial storefronts below newer five story 54 unit condo building
Nearby retailers include Home Depot, Guitar Center, Walgreens, Trader Joe's, and Urban Outfitters

Affluent Lincoln Park neighborhood

Executive Summary

5-story mixed-use condo building with 54 residential units above 7,600 SF commercial space. The commercial space is NOT part of the condo association but contributes to some of the shared expenses. The building includes interior garage parking at the rear of the 1st floor and in the basement.

Pro Forma

Property Facts

Price	£2,315,723	Sale Type	Investment
Unit Size	7,600 SF	Building Class	B
No. Units	1	Number of Floors	1
Total Building Size	7,600 SF	Typical Floor Size	7,600 SF
Property Type	Retail (Unit)	Year Built	2001
Property Subtype	Storefront Retail/Office General Retail Fast Food General Retail Storefront Office Medical	Parking Ratio	7.89/1,000 SF

Price	£2,315,723
Unit Size	7,600 SF
No. Units	1
Total Building Size	7,600 SF
Property Type	Retail (Unit)
Property Subtype	Storefront Retail/Office General Retail Fast Food General Retail Storefront Office Medical
Sale Type	Investment
Building Class	B
Number of Floors	1
Typical Floor Size	7,600 SF
Year Built	2001
Parking Ratio	7.89/1,000 SF

1 Unit Available

Unit 2706

Unit Size	7,600 SF	Net Initial Yield	7.25%
Price	£2,315,723	NOI	£167,988.07
Price Per SF	£304.70	No. Parking Spaces	6
Unit Use	Office/Retail	APN/Parcel ID	14-29-407-099-0000
Sale Type	Investment

Unit Size	7,600 SF
Price	£2,315,723
Price Per SF	£304.70
Unit Use	Office/Retail
Sale Type	Investment
Net Initial Yield	7.25%
NOI	£167,988.07
No. Parking Spaces	6
APN/Parcel ID	14-29-407-099-0000

Description

7,600 SF ground floor retail/office space with 130'+ of frontage, divided into 4 separate spaces that are fully leased to Dunkin' (2,000 SF, 2030 expiration), Dental Masters (1,500 SF, leased since 2004), Beyond Ventures Salon (2,700 SF, new 2023 lease) and Cosmetic Surgery of Chicago (1,400 SF, new 2023 lease). There are also 6 garage parking spaces included. The commercial spaces are NOT part of the condo association but pay CAM as its contribution to some of the building's shared expenses.

Sale Notes

Fully leased property with strong mix of retail and med-tail tenants. 7.2% current CAP rate with annual rent increases.

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2706 N Halsted St, Chicago, IL - aerial map view

Walk Score ®

Walker's Paradise (97)

Transit Score ®

Excellent Transit (82)

Bike Score ®

Very Bikeable (88)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

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measures bikeability of a location.®

Learn How It Works Detailed Scores

TENANT	SF OCCUPIED	LEASE END DATE
Dunkin'	99,999 SF SF	Jan 0000
The Dental Masters	99,999 SF SF	Jan 0000
Cosmetic Surgery of Chicago	99,999 SF SF	Jan 0000
Beyond Ventures Salon	99,999 SF SF	Jan 0000

Signage

zoning

Zoning Code	B3-2, Chicago (the B3 Community Shopping district accommodates a very broad range of retail and service uses including shopping centers and larger buildings)
B3-2, Chicago (the B3 Community Shopping district accommodates a very broad range of retail and service uses including shopping centers and larger buildings)

Listing ID: 18151017
Date on Market: 10/01/2020
Last Updated:
Address: 2706 N Halsted St, Chicago, IL 60614

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2706 N Halsted St, Chicago, IL for sale Building Photo- Image 1 of 7 — 2700-2706 N Halsted from E

2706 N Halsted St, Chicago, IL for sale Building Photo- Image 2 of 7 — 2700-2706 N Halsted 1st floor site plan, 08'23

2706 N Halsted St, Chicago, IL for sale Building Photo- Image 3 of 7 — 2700-2706 N Halsted from NE, 10-24-23

2706 N Halsted St, Chicago, IL for sale Building Photo- Image 4 of 7 — Primary Photo

2706 N Halsted St, Chicago, IL for sale Building Photo- Image 5 of 7 — Building Photo

2706 N Halsted St, Chicago, IL for sale Aerial- Image 6 of 7 — 2700 N Halsted area business map 03'22

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