Andersonville Retail Portfolio - Chicago, IL
  • Asking Price: Call for Details
  • Property Type: Multi-Tenant
  • Status: Under Contract
PROPERTY DETAILS:

Portfolio sale of four (4) contiguous retail properties on Clark Street in Chicago’s Andersonville neighborhood

Located in the heart of Andersonville’s prime retail corridor

Strong mix of well established national and local tenants

Extremely tight retail submarket with minimal vacancy and high barriers to entry

Opportunity to control a large contiguous portion of Clark Street in a rarely available singular transaction

In place rents compare favorably to recent neighborhood lease deals, suggesting room to boost income over time

Well maintained buildings with minimal deferred maintenance needed

Significant recent tenant investment in interior improvements (Starbucks, Jeni’s, Lonesome Rose)

Affluent retail trade area with strong neighborhood demographics