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2800 N Lincoln Ave - Fully Leased, Lakeview NNN Investment Condo
1,500 SF Retail Unit Offered at £413,542 in Chicago, IL 60657
Investment Highlights
- 1500 SF, fully leased commercial condo with 6+ years remaining on the lease, located at the base of a four story, luxury condo building
- Tenant is responsible for all taxes, cam and utilities; Current lease ends 01/31/2031; Lease includes 2.5% escalations per year.
- Located on a high traffic, high visibility, six corner intersection of Lincoln, Racine and Diversey
Executive Summary
1500 SF, fully leased commercial condo with 6+ years remaining on the lease, located at the base of a four story, luxury condo building. Located on a high traffic, high visibility, six corner intersection of Lincoln, Racine and Diversey. Large windows surrounding the unit, with high ceilings and ADA compliant bathrooms. 0.4 Miles to the Paulina Brown Line train station, multiple bus stops and Divvy stations; Close access to the Expressway or Lake Shore Drive. Area tenants include: Gotham Bagels Lakeview, Beermiscuous, Webster Dental Care, Delilah’s Chicago, Batter and Berries, Big Shoulders Coffee, Farm Bar, Left Coast and much more.
Property Facts
| Price | £413,542 | Sale Type | Investment NNN |
| Unit Size | 1,500 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 4 |
| Total Building Size | 16,000 SF | Typical Floor Size | 4,000 SF |
| Property Type | Retail (Unit) | Year Built | 2018 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.13 AC |
| Price | £413,542 |
| Unit Size | 1,500 SF |
| No. Units | 1 |
| Total Building Size | 16,000 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment NNN |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 4,000 SF |
| Year Built | 2018 |
| Lot Size | 0.13 AC |
1 Unit Available
Unit STOREFRONT
| Unit Size | 1,500 SF | Sale Type | Investment |
| Price | £413,542 | Net Initial Yield | 8.00% |
| Price Per SF | £275.69 | NOI | £33,082.45 |
| Unit Use | Retail |
| Unit Size | 1,500 SF |
| Price | £413,542 |
| Price Per SF | £275.69 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 8.00% |
| NOI | £33,082.45 |
Description
1500 SF, fully leased commercial condo with 6+ years remaining on the lease, located at the base of a four story, luxury condo building. Located on a high traffic, high visibility, six corner intersection of Lincoln, Racine and Diversey. Large windows surrounding the unit, with high ceilings and ADA compliant bathrooms. 0.4 Miles to the Paulina Brown Line train station, multiple bus stops and Divvy stations; Close access to the Expressway or Lake Shore Drive. Area tenants include: Gotham Bagels Lakeview, Beermiscuous, Webster Dental Care, Delilah’s Chicago, Batter and Berries, Big Shoulders Coffee, Farm Bar, Left Coast and much more.
Sale Notes
Tenant is responsible for all taxes, cam and utilities. Current lease ends 01/31/2031. Lease includes 2.5% escalations per year.
Nearby Major Retailers
zoning
| Zoning Code | B3-3 |
| B3-3 |
Presented by
2800 N Lincoln Ave - Fully Leased, Lakeview NNN Investment Condo
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