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3450 W Montrose Ave
Chicago, IL 60618
Retail Property For Sale
Investment Highlights
- Freestanding 7,000 SF retail building positioned on 0.43 acres.
- Lease secured through February 2031 with multiple renewal options for long-term stability.
- Convenient access to CTA bus lines, the Brown Line, and major expressways.
- Fully leased to Advance Auto Parts under an NNN lease structure.
- Dense surrounding residential population and high corridor traffic counts.
- Established Albany Park location within an active neighborhood commercial corridor.
Executive Summary
This fully leased freestanding retail building offers investors a rare opportunity to acquire a stabilized asset in the heart of Chicago’s Albany Park neighborhood. The property is secured by an established national tenant, Advance Auto Parts, operating under an NNN lease that delivers consistent cash flow with minimal landlord responsibility. The current lease is structured with a term through February 2031, including options for extension, ensuring long-term income stability.
Situated on 0.43 acres along West Montrose Avenue, a highly traveled arterial corridor on Chicago’s Northwest Side, the property is surrounded by a dense residential base and well-developed neighborhood retail. Easy access to primary transportation routes, including the Brown Line CTA train, CTA bus stops, and major expressways, ensures consistent customer traffic. This location benefits from its embedded position in a bustling community with significant retail demand.
Situated on 0.43 acres along West Montrose Avenue, a highly traveled arterial corridor on Chicago’s Northwest Side, the property is surrounded by a dense residential base and well-developed neighborhood retail. Easy access to primary transportation routes, including the Brown Line CTA train, CTA bus stops, and major expressways, ensures consistent customer traffic. This location benefits from its embedded position in a bustling community with significant retail demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.43 AC
Zoning
B3-1, Chicago - Community Shopping District
Property Taxes
| Parcel Number | 13-14-223-038-0000 | Improvements Assessment | $54,643 CAD |
| Land Assessment | $228,768 CAD | Total Assessment | $283,411 CAD |
Property Taxes
Parcel Number
13-14-223-038-0000
Land Assessment
$228,768 CAD
Improvements Assessment
$54,643 CAD
Total Assessment
$283,411 CAD
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