2622 N Cicero Ave
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2622 N Cicero Ave
1,100 SF Retail Building Chicago, IL 60639 $1,003,687 CAD ($912.44 CAD/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Stop light
- Best Chicago location for used car sales
- Hard corner
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY.
There is a NNN lease for 3 years plus an option for another 3-year lease.
LEGAL nonconforming used car sales usage is allowed due to the grandfather clause. This holds for the next owner as well.
Key Features:
- 90 Years of Legacy: Serving customers at this location with pride for a continuous 90 years.
- Prime Location: Positioned on the vibrant north side of Chicago, it is the perfect spot for a used car dealership.
- Easy Access: Benefit from the convenience of two street access aprons from Drummond Ave and 6 parking spaces behind the building from the alley.
- Spacious Property: Featuring 6250 sq ft of total land, a well-maintained 1100 sq ft office building at its core, and a 350 sq ft garage.
Nearby Businesses: Starbucks, McDonald's, Walgreens, Dunkin, KFC, Subway, Dollar Tree.
- Inquire for More Information: Send a private message to learn more details and seize this incredible opportunity. 773-931-8000 in my cell number
There is a NNN lease for 3 years plus an option for another 3-year lease.
LEGAL nonconforming used car sales usage is allowed due to the grandfather clause. This holds for the next owner as well.
Key Features:
- 90 Years of Legacy: Serving customers at this location with pride for a continuous 90 years.
- Prime Location: Positioned on the vibrant north side of Chicago, it is the perfect spot for a used car dealership.
- Easy Access: Benefit from the convenience of two street access aprons from Drummond Ave and 6 parking spaces behind the building from the alley.
- Spacious Property: Featuring 6250 sq ft of total land, a well-maintained 1100 sq ft office building at its core, and a 350 sq ft garage.
Nearby Businesses: Starbucks, McDonald's, Walgreens, Dunkin, KFC, Subway, Dollar Tree.
- Inquire for More Information: Send a private message to learn more details and seize this incredible opportunity. 773-931-8000 in my cell number
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,100 SF
Building Class
B
Year Built
1978
Price
$1,003,687 CAD
Price Per SF
$912.44 CAD
Cap Rate
7.30%
NOI
$73,230 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.14 AC
Zoning
Grandfathered Car Sales - LEGAL non-conforming used car sales usage allowed due to grandfather clause. This holds for the next owner.
Parking
30 Spaces (27.27 Spaces per 1,000 SF Leased)
Frontage
50’ on Cicero
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Euroline Motors Inc.
- Retailer
- -
- -
- Net
- Jan 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Euroline Motors Inc. | Retailer | - | - | Net | Jan 2028 |
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,024 CAD | |
| Land Assessment | $53,470 CAD | Total Assessment | $80,494 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$53,470 CAD
Improvements Assessment
$27,024 CAD
Total Assessment
$80,494 CAD
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Presented by
Avi Horowitz
2622 N Cicero Ave
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