SQUARE FEET47,000
MLS#12553256
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
TURNKEY Investment Opportunity! FULLY LEASED with two, high quality, long-term tenants. NNN leases with 9- and 4-year remaining terms make this an armchair investment for many years to come. NOI $112,785 and a CAP RATE of 6.1 in 2026 and both leases have yearly escalations. Combined, they total 3,004 square feet of 13' tall retail space with high quality buildouts. Also included is 1 indoor parking space. Both stores have outdoor seating areas in the summer months. This premium space is on the ground floor of a 25-unit high-end condo building built in 2004. It has its own tax PIN and IS NOT PART OF THE CONDO ASSOCIATION. Prominent corner location with 137' frontage at the high traffic stop-sign corner of Halsted and Cornelia, one block south of Addison, in the East Lakeview neighborhood. 1-mile population radius 92K, 3-mile 410K. Average Household Income is $148K, daily traffic 13K, Walk Score 96, Transit Score 86. The new 71,000 SF Howard Brown Health Center is across the street and Wrigley Field, Whole Foods, and Target are all within three blocks of the property. Halsted #8 bus stop is on the corner, and the CTA Red line stop is 2.5 blocks away. PLEASE DO NOT DISTURB TENANTS
Property Features
Property Type: Commercial - Retail
Cooling: Central Air, Central Individual, Exhaust Fan
Lot Size: 0.32 Acres
Stories: 5.0
Taxes: $34,162
Year Built: 2004
Feature Descriptions
Days on Site: 25
Electric: Circuit Breakers, Service - 201 to 600 Amps
Exterior: Concrete, Steel Siding, Brick, Stone
Fire Protection: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls, Electric, Forced Air
Location: Corner, Public Transport Avail, Free Standing/Urban, Special Taxing District, High Traffic Area
Lot Dimensions: 110x125
Miscellaneous Indoor: Accessible Washroom/s, Multi-Tenant
Number of Tenant(s): 2
Parcel#: 14204070490000
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Trash Collection
Units: 2
Listed By / Shown By
Listed By
Agency Name: Marvin G. Grahn
Agency Phone: 773-227-0900
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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3500 N Halsted Street | MLS# 12553256
This commercial property located at 3500 N Halsted Street, Chicago, IL 60657 is currently listed for sale with an asking price of $1,850,000. Search Chicago real estate on www.bhhscrosby.com today.