3541-3543 N Southport Ave 2,400 SF Retail Condo Unit Offered at $3,840,804 CAD in Chicago, IL 60657
INVESTMENT HIGHLIGHTS
- Strong Shopping Corridor
- Southport Station (Brown Line) 5-minute walk
- 7 Day-a-Week Pedestrian Traffic
- 1.3M Riders Annually on Southport Station
PROPERTY FACTS
| Price | $3,840,804 CAD |
| Unit Size | 2,400 SF |
| No. Units | 1 |
| Total Building Size | 9,500 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 2,300 SF |
| Year Built | 2003 |
| Lot Size | 0.14 AC |
1 UNIT AVAILABLE
Unit 3541-43
| Unit Size | 2,400 SF |
| Price | $3,840,804 CAD |
| Price Per SF | $1,600.34 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| NOI | $273,123.85 CAD |
| No. Parking Spaces | 2 |
DESCRIPTION
Retail Condo on Southport Corridor in Lakeview.
SALE NOTES
Net Leased Retail Condo on Southport Corridor of Chicago across from Anthropologie. This 2,400 sq.ft. space with a 900 sq.ft. partial basement leased to PAPERSOURCE. Space is located on the Strongest Retail Corridor on the Northside of Chicago. The area is not only a shopping corridor but also an entertainment and restaurant destination location with high household incomes and 7 Day-a-Week pedestrian traffic. Located a 5-minute walk to Brown Line L Stop with 1.3M riders annually on Southport Station.
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (85)
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Paper Source |
2,400 SF
|
May 2028
|
NEARBY MAJOR RETAILERS
ZONING
| Zoning Code | B3-2 (Shopping centers, large stores, and retail storefronts) |
