Coming Soon
$12,765,000
8.2% cap · 36,600 sq ft RBA · Class C
681 N Clark St
Chicago, IL 60622
Listed 3 days ago$349/sq ft
01 / 05
For SaleRetail
$10,870,000
2856 S Western Ave
Lincoln Park · Chicago, IL 60642
$492/sq ft65 days on market2.2K views93 saves
Key facts
- Interior
- 22,110 sq ft
- Lot
- 0.57 acres
- Year built
- 1955
- Property type
- Retail
- Price / sq ft
- $492/sq ft
- Annual taxes
- $215,230
- Days on market
- 65
Getting around
Walk Score91
Walker's Paradise
Transit Score88
Excellent Transit
Bike Score86
Very Bikeable
About this property
Rarely available Lincoln Park retail property offered free and clear. Zoning and the signalized corner leave the door open for a future repositioning. A rare basis in Lincoln Park at this quality tier.
Investment summary
Investment summary
Cap rate
7.50%
Net operating income ÷ price
Net operating income
$815,250
Annual, after operating expenses
Cash-on-cash
+5.7%
$184,393 annual cash flow on $3,261,000 equity
Occupancy81%
17,909 sq ft leased of 22,110 sq ft
- Tenants
- 3
- Rentable area
- 22,110 sq ft
- Price / sq ft
- $492/sq ft
- WALE
- 9.0 yrs
- Lease type
- Absolute Net
- Building class
- Class C
- Zoning
- GR
- Parking
- 104 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $630,857 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
- Anchored Center
- Signalized Corner
- Monument Signage
- Corner Visibility
- Below-Market Rents
- Build-to-Suit Ready
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2019-04-11 | Sold | $6,574,000 |
| 2026-05-21 | Listed | $10,870,000 |
Location
Lincoln Park, Chicago — Cook County
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Approximate location · Lincoln Park
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Estimated monthly
$75,500/mo
- Principal & interest72%$54,394
- Property tax24%$17,936
- Home insurance4%$3,170
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $8,696,000 · 30 yr · 6.40%
