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3916 N Broadway St 3,608 SF Office/Medical Condo Unit Offered at $1,814,696 CAD in Chicago, IL 60613
INVESTMENT HIGHLIGHTS
- gut rehabbed in 2023
- built out as medical offices
- fully stabilized
PROPERTY FACTS
| Total Building Size | 11,400 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 3,608 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1900 |
| Building Class | C | Lot Size | 0.14 AC |
| Zoning | B3-2 - Community shopping district that allows for large stores, shopping centers, and retail storefronts. | ||
| Total Building Size | 11,400 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 3,608 SF |
| Year Built | 1900 |
| Lot Size | 0.14 AC |
| Zoning | B3-2 - Community shopping district that allows for large stores, shopping centers, and retail storefronts. |
AMENITIES
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit 1-2
| Unit Size | 3,608 SF | Sale Type | Investment |
| Price | $1,814,696 CAD | Cap Rate | 8.51% |
| Price Per SF | $502.96 CAD | NOI | $154,433.43 CAD |
| Condo Use | Office/Medical | No. Parking Spaces | 4 |
| Unit Size | 3,608 SF |
| Price | $1,814,696 CAD |
| Price Per SF | $502.96 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 8.51% |
| NOI | $154,433.43 CAD |
| No. Parking Spaces | 4 |
DESCRIPTION
Beautiful, one-of-a-kind, completely renovated, medical space along N Broadway in Lakeview East. Two fully built-out medical units for approximately 3,600 square foot of rentable space. Units share a common entry and can be easily combined. Property features 90 feet of frontage along N Broadway and 4 parking spaces. Units are currently leased to two thriving, high-quality NNN medical tenants on 5+ year leases. Wellness Home At NorthStar Healthcare & Vesper Aesthetics. Both paying $29.00 NNN. Units feature spacious basements, ample plumbing, exam rooms with sinks, kitchens, break rooms, labs & washer-&-dryers. Renovations completed in April 2023 are up-to-code, ADA Compliant, and feature stylish design and high quality materials and fixtures. Property is ideal for an investor or owner-user.
SALE NOTES
Vesper Aesthetics, current owner, will sign a 5-year $29/sqft NNN lease at closing.
NEARBY MAJOR RETAILERS
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Wellness Home At NorthStar Healthcare |
2,000 SF
|
June 2029
|
| Vesper Aesthetics |
2,000 SF
|
June 2030
|
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3916 N Broadway St
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