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CORE URBAN CHICAGO RETAIL | WEST DIVISION

$6,056,000 | 6.05%

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5-9 West Division Street
Chicago, Illinois 60610

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Features

  • 100% Occupied, Three-Story Multi-Tenant Building
    • 9 Years Remaining on Club Royale’s Lease
    • Primary Chicago has Operated at this Location Since 2013 and Recently Signed a Five Year Option
    • All Tenants Offer Healthy Annual Rent Increases
  • Future Redevelopment Opportunity | DX-7 Zoned with Air Rights Included
  • Over $900,000 in Extensive Renovations by Landlord, Plus Additional Renovations by the Tenants
  • Ideally Situated in the Near North Side Neighborhood of Chicago, Directly North of Downtown Chicago
  • Eight New (2019+) Apartment Buildings have been Built Within Walking Distance of the Subject Property | Ranging from 930,000 to 50,000 Square Feet
  • Two Blocks from the CTA Red Line Clark/Division Train Station | 2,585,408 Annual Ridership
  • Dense, Affluent Area | 83,537 People Live Within One Mile of Subject Property with an Average Household Income of $166,782

Contact

AUSTIN WEISENBECK
Senior Managing Director
Tel: (630) 570-2238
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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