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2139 N Damen Avenue, Chicago, IL 60647
2139 N Damen Avenue, Chicago, IL 60647
  • $360,000
  • $375,000

Overview

Property ID: 11940678
  • Commercial Sale
  • Property Type
  • 6000
  • 2003
  • Year Built

Description

* 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 (2024 Gross Income = $42,056 / Net Income = $25,479), 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 2026) 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 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.

  • Address 2139 N Damen Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60647
  • Area CHI - Logan Square

Details

Updated on February 22, 2024 at 6:07 am
  • Property ID: 11940678
  • Price: $360,000
  • Property Size: 6000
  • Garage Size: x x
  • Year Built: 2003
  • Property Type: Commercial Sale
  • Property Status: Active

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