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3916 N Broadway St

4,000 SF Medical Unit Offered at £1,177,486 in Chicago, IL 60613

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Investment Highlights

Completely Renovated
Beautifully Designed

90 Feet of Frontage on North Broadway

Executive Summary

Beautiful, one-of-a-kind, completely renovated, medical space along N Broadway in Lakeview East. Two medical units on one tax PIN for approximately 4,000 square foot of rentable space. Units share a common entry and can be easily combined. Property features 90 feet of frontage along N Broadway and 4 parking spaces. Units are currently leased to two thriving, high-quality NNN medical tenants on 5+ year leases. Wellness Home At NorthStar Healthcare & Vesper Aesthetics. Both paying $29.00 NNN. Units feature spacious basements, ample plumbing, exam rooms with sinks, kitchens, break rooms, labs & washer-&-dryers. Renovations completed in April 2023 are up-to-code, ADA Compliant, and feature stylish design and high quality materials and fixtures. Property is ideal for an investor or owner-user. Vesper Aesthetics will sign a long term NNN lease or vacate depending on buyer preference.

Property Facts

Price	£1,177,486	Sale Type	Investment or Owner User
Unit Size	4,000 SF	Building Class	C
No. Units	1	Number of Floors	3
Total Building Size	11,400 SF	Typical Floor Size	3,608 SF
Property Type	Retail (Unit)	Year Built	1900
Property Subtype	Storefront Retail/Office Office Medical	Lot Size	0.14 AC

Price	£1,177,486
Unit Size	4,000 SF
No. Units	1
Total Building Size	11,400 SF
Property Type	Retail (Unit)
Property Subtype	Storefront Retail/Office Office Medical
Sale Type	Investment or Owner User
Building Class	C
Number of Floors	3
Typical Floor Size	3,608 SF
Year Built	1900
Lot Size	0.14 AC

1 Unit Available

Unit 1

Unit Size	4,000 SF	Net Initial Yield	7.35%
Price	£1,177,486	NOI	£86,506.00
Price Per SF	£294.37	No. Parking Spaces	4
Unit Use	Medical	APN/Parcel ID	14-20-207-038-1009
Sale Type	Investment or Owner User

Unit Size	4,000 SF
Price	£1,177,486
Price Per SF	£294.37
Unit Use	Medical
Sale Type	Investment or Owner User
Net Initial Yield	7.35%
NOI	£86,506.00
No. Parking Spaces	4
APN/Parcel ID	14-20-207-038-1009

Description

Beautiful, one-of-a-kind, completely renovated, medical space along N Broadway in Lakeview East. Two medical units on one tax PIN for approximately 4,000 square foot of rentable space. Units share a common entry and can be easily combined. Property features 90 feet of frontage along N Broadway and 4 parking spaces.

Units are currently leased to two thriving, high-quality NNN medical tenants on 5+ year leases. Wellness Home At NorthStar Healthcare & Vesper Aesthetics. Both paying $29.00 NNN. Units feature spacious basements, ample plumbing, exam rooms with sinks, kitchens, break rooms, labs & washer-&-dryers.

Renovations completed in April 2023 are up-to-code, ADA Compliant, and feature stylish design and high quality materials and fixtures. Property is ideal for an investor or owner-user. Vesper Aesthetics will sign a long term NNN lease or vacate depending on buyer preference.