100% Leased Retail/Office Storefront on Grand
$1,600,000
3515-23 W. Grand Ave.
Chicago, IL 60651
7,200 SF
Retail/Office Storefront
The Details
- Two-tenant retail building totaling 7,200 SF
- Total annual rent: $123,744
- Tenants reimburse taxes on their pro-rated share
- Substantial frontage on Grand Ave
- Part of Division/Homan TIF
- Great opportunity for an investor
- Close to public transportation
- Traffic Count: 11,042 cars daily
- Land Area: 21,935 SF
- Zoning: B3-1
This 7,200 square foot retail/office storefront fully leased to two tenants. A 2,100 square foot unit, built out as a catering facility and kitchen, is leased by the Hearty Boys Catering Group through 2021. The lease includes annual escalations and a five year renewal option. The property has strong income and is highly visible along Grand Avenue.
Humboldt Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs.
Property Contacts
Property Inquiry
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Price Reduced
9012 S. Commercial Ave., Chicago, IL 60617
6,950 SF
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Now: $160,000