Essex Realty Group, Inc. is proud to exclusively present for sale 2628-34 W. Touhy Ave in West Rogers Park neighborhood of Chicago. The subject property is multi-tenant retail center comprised of 5 storefronts that total approximately 6,800-square foot.
This brick, single-story center has been owned by the same family partnership for decades. Currently there are three tenants in the property that are operating on month-month basis. Tenants include Allstate Insurance (1,250SF), Menchies (1,250SF), and R & B Tires (2,500SF). There are two vacant storefronts (approx. 900SF each) which offers tremendous upside for a new buyer. Heat and air conditioning is provided through individual HVAC units in each storefront (tenant paid).
West Rogers Park is bounded by Evanston/Lincolnwood on the north, Bryn Mawr to the south, Kedzie Avenue on the west, and Ridge Boulevard to the east. This pocket is well known for its low-housing density and diverse culture.
The subject property is located in West Rogers Park, boasting a population of just over 60,000 people. The neighborhood is home to over 130 restaurants and just as many diverse retail offerings along its central corridors and quaint, tree-lined streets. In the last few years, the community has seen significant appreciation in multi-family properties sparked by a rising population of young business professionals and families moving to the area to take advantage of the neighborhood’s rich culture, intimate setting, and attractive housing.
- Closed Within 97% of List Price
- CAP Rate: 9.20%
- Essex Procured Multiple Offers