1616 N Damen Ave
Chicago, IL 60647
Commerce de détail Propriété À vendre

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1616 N. Damen Avenue (the “Property”), an urban-infill ±15,688 gross square foot retail and medical building situated upon ±4,356 square feet of land. The Property is prominently positioned in Chicago’s affluent and dynamic Bucktown/Wicker Park neighborhood. The 1600 block of Damen Avenue is one of Chicago’s most prolific and sought-after high-street retail corridors. The three-story building is 100% occupied and features a range of national and local retail and medical tenants, including JustFoodForDogs, ChaTraMue, Impress x Uniform Teeth, Muse Community + Design, and LifeStance Health (NASDAQ: LFST). LifeStance Health has over 550 locations nationwide and generates annual revenue of $1.37 billion with a current market cap of $2.49 billion. JustFoodForDogs is an emerging pet food brand known for its in-house kitchens and its partnership with Petco, co-developing private label dog food formulas being sold in Petco stores nationwide. The Property has been leased up 100% by current ownership with strong leases that align with the market, providing future ownership with a stable investment and room to grow rents. Located two miles northwest of the Loop, Chicago’s Bucktown/Wicker Park neighborhood has flourished into a premier commercial corridor and an exciting entertainment district. The Property benefits from immense foot and vehicle traffic seven days per week, superior access to public transit and proximity to The 606, Chicago’s first elevated urban trail system. The Property is 150 feet from the six-way intersection epicenter of North, Damen, and Milwaukee Avenues, which is also home to an abundance of transit options, including the CTA Damen Blue Line ‘L’ Station (1.23 MM annual riders) and the CTA bus routes #50, #56, and #72. Two access points to Interstate 90 / 94 are just 3/4 mile to the east and north. 1-mile demographics include an average household income exceeding 60,000 people, an average household income of $152,663, and a median home value of $621,950