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  • Price$1,299,999
  • Sq. Ft.6,600
  • Built2005

3450 Southport Avenue, CHICAGO

NNN Investment / Retail Condo located in heart of SOUTHPORT RETAIL CORRIDOR in Lake View neighborhood of Chicago leased to BENEFIT COSMETICS until March 2023. Current NOI is $62K annually, increasing to $68K in March of 2018 raising the CAP RATE to 5.23% & Cash on Cash to 6.13% at asking . Area retailers include Hanna Andersson, Kendra Scott, J Crew, GAP, Lululemon, Starbuck's, Paper Source, Anthropologie, Amazon and more. Great income generating investment on a vibrant retail corridor surrounded by high household incomes. Located near Wrigley Field home of Chicago Cubs, currently going through $500 million in renovations.

Essential Information

  • MLS® #09166872
  • Price$1,299,999
  • Square Footage6,600
  • Acres0.00
  • Year Built2005
  • TypeCommercial
  • Sub-TypeRetail/Stores
  • StatusActive

Interior

  • HeatingCentral Heat/Indiv Controls
  • CoolingCentral Air
  • Stories4

Additional Information

  • ZoningMULTI

Community Information

  • Address3450 Southport Avenue
  • AreaCHI - Lake View
  • CityCHICAGO
  • CountyCook
  • StateIL
  • Zip Code60657

Exterior

  • ExteriorBrick
  • Lot DescriptionMixed Use Area
  • RoofFlat
  • ConstructionBrick
  • FoundationConcrete

Listing Details

  • Listing OfficeJameson Commercial
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Listing information last updated on February 22nd, 2018 at 6:20pm CST.