2139 N Damen Avenue #C-1Chicago, IL 60647
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* PRIME BUCKTOWN INCOME-PRODUCING COMMERCIAL CONDO FOR SALE ON DAMEN NEAR LINCOLN YARDS * 1, 500 Sq Ft recently renovated retail storefront currently NNN leased long-term to local well-established fitness tenant with favorable terms. Situated on high-profile retail corridor w/heavy foot traffic in heart of Bucktown between Armitage & Webster. In high-visibility location on ground floor of 4-story condo building w/13, 000 VPD & Walk Score of 88. Stabilized newer construction retail property with strong cash flow (Gross Income = $39, 915 / Net Income = $23, 672), annual rent increases & 7-year renewal option offers excellent armchair investment opportunity. Prime location for future appreciation 5 blocks from $6 billion Lincoln Yards megadevelopment (delivery in 2024) provides unique buyer upside potential. Features open floor plan w/floor-to-ceiling windows, separate foyer entrance w/interior door, high ceilings, premium lighting throughout, steel rear door & double-locked rear gate. Includes 2 full bathrooms, changing room, storage room, laundry room & under-stair storage closet. In close proximity to dozens of established businesses, located opposite The Bristol, steps from The Royal Grocer & Co. and less than 1/2 block from I-90/94 / Kennedy Damen exit--just minutes to Downtown & O'Hare. B3-2 zoning allows for retail, office or restaurant use.
|4 weeks ago||Listing updated with changes from the MLS|
|a month ago||Price changed to $399,000|
|7 months ago||Listing first seen online|
Based on information submitted to the MLS GRID as of 2023-04-01 08:45 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2023-04-01 08:45 AM UTC
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