2706 N Halsted St

FOR SALE
FULLY LEASED COMMERCIAL PROPERTY

Neighborhood: Lincoln Park

Cross Streets: Halsted St & Diversey Pkwy

2704-06 N Halsted St

COMMERCIAL SPACE:

High-profile retail, salon and professional/medical office space on the ground floor of newer 5-story 54-unit condo building.
• 7,600 SF with 130’ of frontage, divided into 4 fully-leased storefronts
➢ 1,500 SF leased to Dental Masters since 2004
➢ 2,000 SF on 10-year lease to large Dunkin’ Donuts franchisee since 2020
➢ 1,400 SF on new (2023) 5-year lease to Cosmetic Surgery of Chicago
➢ 2,700 SF on new (2023) 5-year lease to Beyond Ventures salon
• ~$213,000 NOI
• This property is separate from the residential condos above and is NOT part of the condo association.

PARKING: 6 spaces are available in attached heated garage for use only by owners or employees (external guests not allowed).

ZONING: B3-2 (Community Shopping District), 43rd Ward (Ald. Timmy Knudsen)

USAGE RESTRICTIONS: Bars, nightclubs, massage parlors and retail packaged liquor stores are not allowed, but restaurants, including those serving alcoholic beverages are allowed. There are no restrictions on hours of operation.

LOCATION: Located in the heart of the Lincoln Park/East Lakeview commercial district with over 100,000 affluent residents within 1 mile. 1 block south of Diversey Pkwy, 2 blocks west of the Clark/Broadway/Diversey intersection and 0.3 mi to the Diversey CTA station. Nearby businesses include Dom’s Kitchen & Market, Home Depot, Guitar Center, Walgreens, Trader Joe’s, and numerous local restaurants and neighborhood businesses.

TRAFFIC COUNTS: 18,700 vehicles per day (VPD) on Halsted St, 16,800 VPD on Diversey Pkwy

 DEMOGRAPHICS: (2022)                                                                  1.0-mi               2.0-mi

2704-06 N Halsted St

ADDITIONAL EXPENSES: 2023 real estate taxes were $79,709 ($10.49/SF) and shared condo expenses were ~$5,300 ($0.70/SF).

SALES PRICE: $2,950,000; 7.2% current CAP rate with annual rent escalations.

2704-06 N Halsted St floor plan
2704-06 N Halsted St

Scott Fithian
773-404-4314
scott@lordcompanies.com

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