6226-6228 N Broadway Ave - The Lord Companies, LLC

6226-6228 N Broadway St

FOR SALE OR LEASE
MIXED-USE BUILDING IN EDGEWATER

1 Commercial Unit + 2 Apartments + Parking

Neighborhood: Edgewater

Cross Streets: Broadway St & Rosemont Ave

PROPERTY OVERVIEW:

• The property is a 3-unit, mixed-use building located along high visibility Broadway Ave. in Chicago’s Edgewater community. Constructed in 1909, the building contains a total of +/- 5,630 SF and is zoned B1-2. This property sits on 40.0 ft x 125.00 ft lot. This equates to .11 acres or 5,000 SF of land.
• The first floor of the building is +/- 2,930 SF of fully built out office space featuring a separate entrance, sizable offices, a conference room, reception area, open office space with ample room for multiple cubicles, kitchen, 2 bathrooms, and large storage rooms. This space also has an ADA bathroom, a server room with a separate AC unit and a security system. There are also 2 HVAC units that service this space along with a tankless water heater.
• The second floor of the building is +/- 2,700 sf containing (2) 2bed/2bath apartments. Unit 2F has been recently updated and contains maple hardwood flooring, stainless steel appliances and granite countertops in the kitchen, a new vanity in the master bath, updated 2nd bath, and high ceilings in the living room and bedrooms. Unit 2R also features maple hardwood flooring, granite countertops in the kitchen, large bedrooms, and a spacious living room/entryway.
• Each apartment unit has its own central heat/AC and in-unit washer/dryer. There is also a rear wood porch which the residential tenants use as a deck and accessed by a shared hallway.
• This property features a rear gated parking lot with 5-7 spaces, which is a rare find in this submarket.

PROPERTY DETAILS:

ADDRESS: 6226-28 N Broadway Ave, Chicago IL 60660

COUNTY/SUBMARKET: Cook

SUBMARKET: Edgewater

BUILDING SF: 5,630

LAND SF: 5,000

NUMBER OF UNITS: 3

NUMBER OF PARCELS: 1

YEAR BUILT: 1909

NUMBER OF STORIES: 2

LOT DIMENSIONS: 40 ft x 125 ft

UNIT MIX: (1) Commercial Space (2,930 SF)

(2) 2bed/2bath Residential Units

CURRENT OCCUPANCY: 100%

APN: 14-05-115-017-0000

ZONING/WARD: B1-2, 48th Ward Alderman Harry Osterman

ASKING PRICE: $1,550,000

COMMERCIAL UNIT RENT: $7,000/mo. Gross includes three rear parking spaces 8am-6pm Mon-Fri

LOCATION: Situated at 6226-28 Broadway Avenue, this building is in the heart of Edgewater with an endless number of amenities within walking distance. Located just steps from the Granville “L” stop, tenants have easy access to ample public transportation options. The site is also located within walking distance to the Loyola “L” stop and Thorndale “L” Stop. The 36-bus route has two pickup/drop-off locations located just steps from the building entrance on Broadway Avenue. This site is also just a couple of blocks from Sheridan Road which feeds into Lakeshore Drive allowing access into greater Chicago.

NEIGHBORHOOD:

• Edgewater is one of the densest communities in Chicago and home to high-rise apartment buildings, condominium complexes, and mid-rise homes along the lakefront. The property is in the heart of local and national tenant businesses, single-family homes, and 2 to 4 flat residential buildings. Edgewater also benefits from being adjacent to Loyola University’s Lake Shore Campus. This campus is an over 30-acre area comprised of more than 40 university buildings, student housing, over 17,000 students, and more than 2,000 faculty and staff.
• This area also has strong co-tenancy including: Aldi, McDonald’s, Whole Foods, Target, Walgreens, CVS/pharmacy, Physicians Immediate Care, LA Fitness, Orangetheory Fitness, Anne Sathers, Flaco’s Tacos, Gino’s North, Jimmy John’s, Chicago Public Library, Beard & Belly, Ethiopian Diamond, Bank Of America, Popeye’s, Starbucks, Chase Bank, Dunkin’, Taco Bell, Potbelly, Insomnia Cookies, The Halal Guys, Subway, Blaze Pizza, Wing Stop, Lickity Split and Dunkin.

DEMOGRAPHICS: