3541-43 Southport, Lakeview, Chicago, IL

3541-43 Southport Chicago, IL 60657

3541-43 Southport, Chicago, IL, 60657
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FOR SALE
Property Type:
Street Retail
Amount:
$2,700,000
Last Verified:
Oct 28, 2023

Highlights

  • Strong Shopping Corridor
  • 7 Day-a-Week Pedestrian Traffic
  • Southport Station (Brown Line) 5-minute walk
  • 1.3M Riders Annually on Southport Station
  • Walkers Score 96 - Walker's Paradise

Description

Net Leased Retail Condo on Southport Corridor of Chicago across from Anthropologie. This 2,400 sq.ft. space with a 900 sq.ft. partial basement leased to PAPER SOURCE. Space is located on the Strongest Retail Corridor on the Northside of Chicago. The area is not only a shopping corridor but also an entertainment and restaurant destination location with high household incomes and 7 Day-a-Week pedestrian traffic. Located a 5-minute walk to Brown Line L Stop with 1.3M riders annually on Southport Station. Other area tenants include: Anthropologie, Doc Martens, Madewell, Benefit Cosmetics, Blue Mercury, Free People, Fleet Feet, Claire's, Oros, Starbucks, Jewel, Athleta, Framebridge, Noodles & Co, Soul Cycle, Johnny Was, and Stretch Fitness

One of the most sought-after areas of the city, the Chicago neighborhood of Lakeview is the most populated area in the Midwest largely due to its great dining, shopping and nightlife. Its four mile proximity to the Loop makes it a prime real estate destination.
It is also home to the Chicago Cubs' Wrigley Field, and a part of the neighborhood is named for it.

Lakeview is one of the 77 community areas of Chicago, located on the city's North Side. Lakeview is the 2nd largest of the Chicago community areas by population. Lakeview includes smaller neighborhood enclaves: Southport Corridor and Wrigleyville. Wrigleyville, another popular district, surrounds Wrigley Field, home of the Chicago Cubs. In 2013 Money Magazine names Lakeview as number 3 of its Top 10 Big-city neighborhoods for its selection of Best Places to Live.

The pleasant surprise of Lakeview & Wrigleyville is that once you venture 20 steps from the main shopping, restaurant and bar/club areas, you'll find yourself in beautifully maintained tree-lined streets, with rows of lovely houses in all manner of architectural styles, ranging in age from near-century-old to 3 days ago.

Building Size: 13200sq ft
Lot Size: 0 acres


Documents

Brochure


Map of 3541-43 Southport, Chicago, IL, 60657

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.