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Investment Highlights

  • Investors are presented with a prime opportunity to take advantage of this cash-flowing NNN Citibank in Chicago, Illinois ready for new ownership.
  • Surrounded by an abundance of retailers and restaurants attracting business such as Subway, CVS, Anytime Fitness, and more.
  • Local demographics are favorable for buyers, with $113,854 average income within 5 miles and a well-educated workforce.
  • Positioned at the busy intersection of N Central Avenue and W Eddy Street which sees over 16,000 vehicles per day.
  • Located directly opposite Community First Medical Center and Chopin (Frederic) Park, two notable landmarks in the area.

Executive Summary

Investors won’t want to miss out of the chance to secure a high-value Citibank property in Chicago, Illinois.

3535 N Central Avenue represents a solid investment opportunity in Chicago’s northwest corridor. The property occupies a prominent corner location, providing excellent visibility and accessibility. Its single-story brick construction, prominent signage, and three drive-thru lanes support efficient operations and customer convenience. With 4,400 square feet, the asset is both spacious and manageable. The property is fully leased to Citibank under a corporate guarantee, ensuring reliable, turnkey cash flow. Citibank covers all property-related expenses, including taxes, utilities, and insurance. The current lease term extends to June 2031, with renewal options available through 2046, offering investors long-term stability and peace of mind.

This property enjoys a prime location in Chicago’s Portage Park neighborhood, a historic and family-oriented area on the Northwest Side known for its signature 38-acre park. Conveniently situated near Six Corners, the intersection of Irving Park Road, Cicero Avenue, and Milwaukee Avenue, this area has long been one of the city's major retail destinations and is currently experiencing renewed commercial growth. The property's proximity to surrounding residential communities further adds value. Excellent transportation options are nearby, including the Blue Line, Interstates 90 and 94, and O’Hare International Airport, which is just 9 miles away.

Chicago offers investors a premier destination, combining world-class infrastructure, two international airports, and a thriving business environment. The city’s renowned universities produce a steady stream of skilled graduates, fueling a robust workforce. With one of the nation’s most diverse economies, where no single industry accounts for more than 15%, Chicago provides stability and reduces market risk. Home to 24 Fortune 500 companies across finance, healthcare, manufacturing, and consumer goods, Chicago supports a resilient and growing commercial real estate market.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Matterport 3D Tour

3D Exterior

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Chicago - IL USA

Market Cap Rate

Chicago - IL USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Size
4,400 SF
Building Class
B
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.46 AC
Parcel Numbers
13-21-300-005-0000
Zoning
B3-1
Parking
16 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
307’ on North Central Avenue

Amenities

  • Drive Thru
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100

About Northwest City

Chicago is known for its neighborhood enclaves, and no other area captures this like the Northwest City. Locals savor the myriad of ethnic cuisines here, along with a plentiful sampling of ma and pa stores and national retailers for household goods. The Northwest City is bounded by Lake Michigan to the east, O’Hare International Airport to the west, and the Eisenhower Expressway to the south. The Kennedy and Edens Expressways cross diagonally through the area’s core. In addition to air and car travel, residents and guests can easily get to Chicago’s downtown in minutes via the Brown, Red, and Blue “El” Lines and numerous Metra commuter lines, too.

Although a deeply residential area, the Northwest City draws a sizable population of staff and students from its numerous colleges and universities. Schools include Loyola University in Rogers Park, Northeastern Illinois University and North Park University in North Park, and DeVry University in Ravenswood.

With low vacancy compared to rest of the metropolitan area, landlords are raising rents commensurate with demand.

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2024 Population
46,832
364,796
886,239
2020 Population
55,986
423,999
982,250
2029 Population
44,854
352,174
866,593
2024-2029 Projected Population Growth
-4.2%
-3.5%
-2.2%
Daytime Employees
9,064
87,190
274,739
Total Businesses
1,293
11,031
35,985
Average Household Income
$105,828
$104,920
$113,854
Median Household Income
$84,912
$81,629
$85,909
Total Consumer Spending
$490M
$3.9B
$10.4B
Median Age
40.2
39.7
39.2
2024 Households
15,684
129,892
340,756
Percent College Degree or Above
16%
18%
23%
Average Home Value
$382,504
$395,116
$461,056
$ values in USD

Nearby Major Retailers

Citi
Chase Bank
PNC Bank
U.S. Bank
Carnicerias Jimenez
Planet Fitness
Cermak Fresh Market
BMO
Giordano's
Retro Fitness

Sale Advisors

Sale Advisors

John Jackson, Senior Vice President
John (JK) Jackson is a senior vice president with the Investment Sales Team at Diversified Partners, where he specializes in representing landlords and tenants with their leasing needs, the management of acquisitions and dispositions of retail properties, enhancing values through asset management and retail advisory services.

Jackson has completed hundreds of transactions on behalf of landlords and investors for single tenant triple net assets, neighborhood centers and anchored retail shopping centers. He has a proven ability to achieve results for his clients through comprehensive market strategies, long-range planning, and identifying opportunities to increase asset cash flows. A consummate professional, Jackson, thoroughly analyzes the financial details of each transaction to ensure his clients’ economic and business objectives are met. He carefully crafts marketing campaigns and leases to support growth, minimize risk, and protect his clients’ investments.

Jackson and his team leverage their relationships with qualified institutional and private investors, enabling them to strategically match buyers with sellers to achieve the best possible outcome for their clients.

BUSINESS BACKGROUND
Jackson is an Arizona Native who’s experience spans 19 years as a commercial real estate agent in Greater Phoenix, focusing on the acquisition, lease-up and disposition of retail properties. Prior to joining Diversified Partners, he was a senior vice president with Colliers International in Phoenix, where he represented owners and investors in the acquisition and disposition of over $300,000,000 of retail properties by working closely with owners, asset managers and investors to identify, acquire, lease-up and dispose of their investments.

PROFESSIONAL ACCOMPLISHMENTS
- Completed more than 1,000 lease and sale transactions
- CoStar Power Broker Award Winner
- Awarded Top Producer Colliers International Arizona – 2021, 2022, 2023, 2024
- Member of Colliers International Arizona Leadership Council (2019 – 2025)
- NAIOP Retail Broker of the Year Nominee - 2023, 2024

COMMUNITY INVOLVEMENT
- Brokers for Kids
- Susan G. Komen Sponsor
- Salvation Army’s Adopt-a-Family Program
- Defenders of Children (DofC)
- Habitat for Humanity Volunteer

EDUCATION AND QUALIFICATIONS
- Arizona State University; Bachelor of Science, Accounting

MEMBERSHIPS AND INVOLVEMENTS
- NAIOP
- International Council of Shopping Centers (ICSC)
Marti Weinstein, Retail Leasing & Sales Associate
Marti Weinstein joined Diversified Partners in September of 2021 bringing with her a specialty in third party Landlord leasing of open air shopping centers including existing assets and new developments throughout the Phoenix Metropolitan area.

Marti also specializes in Tenant representation of all scopes including retail business types such as food and beverage, personal service, medical users,  etc. ranging from local mom and pop brands to national users throughout Arizona and the southwest region.

Marti’s main objective in business is to create and nurture relationships with her clients and other business professionals spearheading her processes with the best interests of others in mind and a goal of collaboration and repeat success stories.
Kristina Stamets, Vice President - Investment Sales
Kristina Stamets serves as vice president of investment sales at Diversified Partners, where she works alongside John “K” Jackson to specialize in the sale of retail properties across Arizona. A lifelong Valley resident, she brings deep market knowledge and trusted relationships with landlords and developers to facilitate the acquisition and disposition of shopping centers and development projects. Her role includes overseeing all phases of a transaction—from marketing and negotiation to successful close. Prior to joining Diversified Partners, Remon held roles at Colliers as associate vice president and at Strategic Retail Group, which was acquired by Avison Young in 2019. In both firms, she distinguished herself through her proactive approach to client service, transaction management and market research. With strong organizational skills, clear communication and a reputation for integrity, Remon consistently delivers results and fosters long-term client partnerships. She is recognized by peers for her energy, professionalism, and leadership both in and outside the office.

Recognition
- Named one of Colliers’ Emerging Retail Leaders
- CoStar Power Broker Award Winner

Memberships & Involvements
- Brokers for Kids
- NAIOP, the Commercial Real Estate Development Association
- International Council of Shopping Centers (ICSC)
- Valley of the Sun Active 20/30 Club
Board member (2017-2024)
Vice President of Social Events (2021)
Vice President of Community Relations (2022)
- Fresh Start Auxiliary Board Member (2025 - Present)

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact

Jameson Kuykendall
Auctioneer License: Ten-X Arlene Richardson RE Brkr 478027045
  • Listing ID: 39789887

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 3535 N Central Ave, Chicago, IL 60634

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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