* 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.
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Property Details
Utilities
Heating Forced Air
Cooling
Water Lake Michigan
Sewer Public Sewer
Additional Information
Schools
District 299
Payment Calculator
Listing History
11-25-2022
Listed at $412,500
12-03-2022
Status changed to Cancelled
Last Modified 12/3/22 9:35 PM
Nearby Transportation
Bus 50
< 0.1 mi
Bus 73
0.2 mi
Bus 74
0.3 mi
Bus 9
0.4 mi
Bus 49
0.5 mi
Bus 56
0.5 mi
Bus X9
0.6 mi
Bus X49
0.6 mi
Bus 72
0.7 mi
Bus 76
0.8 mi
Bus 94
1.0 mi
Bus 70
1.2 mi
Union Pacific North
0.5 mi
Union Pacific Northwest
0.5 mi
Blue Line
0.6 mi
I 90 East
< 0.1 mi
I 94 East
< 0.1 mi
I 90 West
0.1 mi
I 94 West
0.1 mi
I 290 West
3.1 mi
I 290 East
3.2 mi
I 55 South
4.8 mi
I 55 North
4.8 mi
For More Information
(312) 528-9200
For more information about 2139 N Damen, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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