2121 W. Division St.
Chicago, IL 60622
$770,700
Price
1,900
Sq. Ft.
Share

Request the Offering Memorandum:

Upon submitting the form, you will gain access to the Offering Memorandum.

Executive Summary

CRER (Chicago Real Estate Resources, Inc.)  is pleased to exclusively present Firenze Italian Street Food, a retail condo unit located in Chicago’s northwest neighborhood of Wicker Park in Illinois. The Subject Property consists of a 1,900-SF storefront that was recently leased to an experienced operator in the restaurant industry. Firenze Italian Street Food (Tenant) is operating under a triple-net lease; reimbursing for their pro-rata share of operating expenses. Tenant pays for their utilities directly and has over four years remaining on its initial lease term with two five-year options thereafter and annual rent increases.

The Subject Property is located three miles northwest from Downtown Chicago and is easily accessible via Interstate 90/94, CTA Bus (Route 70) and CTA Train (Blue Line). The Subject Property is situated mid-block along West Division Street; two block west from North Damen Avenue. The Subject Property is located on the ground level of a multi-unit residential condo building. The building receives great visibility from the traffic count of 16,600 vehicles that drive down Division Street every day. The Subject Property also benefits from the dense location with over 197,000 people within a two-mile radius and the above average household income of $114,00 within a one-mile radius.

 

Property Location

Chicago » 60622 » 2121 W. Division St.

Property Details

Status Active
Listing Type For Sale
Property Type Retail
Size 1,900 Sq. Ft.
Price $770,700
Cap Rate 7.5%

Broker Contact

Victor Cornelio

Victor Cornelio

Mobile: (224) 432-4506

Office: (773) 327-9300

Email: VictorC@crer.com

vCard: Download

Chicago Property Management Services

CRER Is Expanding Its Property Management Portfolio

At CRER, we pride ourselves on being more than just a Property Management Company. We are partners in your success.
Our commitment is to safeguard your property's value and maximize its income potential. From our Lease Management to Advanced Tenant Screening, we ensure every detail is managed with precision.

Learn More Request a Quote

CRER Client

★ ★ ★ ★ ★


"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."



Local Expertise | National Reach
Learn More