3219 N. Clark St

Description:

Presented by KW Commercial and Keller Williams ONEChicago. The property is located at 3219 N. Clark Street in the Lake View neighborhood of Chicago, IL. This retail space boasts a gross leasable area (GLA) of 6,992 square feet. Originally built in 1925, the building is classified as a Class C property. It is currently occupied by Blum Animal Hospital.

 

Financial Summary

The purchase price for this property is $2,250,000. The current base rent is $16,897 per month, which equates to $29.00 per square foot. In 2025, the base rental amount is scheduled to increase to $18,063 per month, or $31.00 per square foot. The current lease expiration date is 12/31/2027. This property is offered as a Triple Net Lease (NNN), ensuring that the tenant is responsible for property taxes, insurance, and maintenance costs.

 

Lease Details

The lease commenced on January 1, 2006, and ends on December 31, 2025. An amendment extends the lease for 24 months, from January 1, 2026, to December 31, 2027. During the extended term, the base rent will be $18,062.66 per month.

 

Tenant Information

Blum Animal Hospital, operating under VCA Animal Hospitals Inc., is the current tenant. VCA Animal Hospitals Inc. is a leading provider of pet health care services in the U.S., with a network of over 1,000 animal hospitals. They are known for their high standards of care, innovative treatment options, and commitment to pet health and wellness. The presence of such a reputable and stable tenant adds significant value and security to the investment.

 

Location and Market Overview

Located in the vibrant and affluent Lake View neighborhood of Chicago, the property benefits from a prime location known for its shopping, dining, and cultural attractions. It is well-served by public transportation, situated in a high-traffic area with strong pedestrian visibility. The local economy is robust, with a mix of residential, retail, and commercial properties, contributing to stable property values and rental income.

 

Investment Highlights

The property offers stable cash flow due to its long-term tenant, Blum Animal Hospital, providing consistent rental income with scheduled increases. The triple net lease structure minimizes the landlord's operational expenses. The prime location in Lake View attracts both residents and businesses, ensuring high demand and occupancy rates. Scheduled rent increases enhance the investment's return potential, and the presence of VCA Animal Hospitals Inc., a reputable national chain, adds security and stability.

 

The retail property at 3219 N. Clark Street presents a compelling investment opportunity, combining stable cash flow, a reputable long-term tenant, and a prime location in Lake View, Chicago. The triple net lease structure reduces operational responsibilities, making this an attractive option for investors seeking a low-maintenance, income-generating asset.


The property at 3219 N. Clark St is ideally located on the east side of Clark Street, just north of the bustling intersection of Clark Street, Diversey Parkway, and Broadway in Chicago’s Lakeview neighborhood. This area is known for its vibrant community and affluent residents, boasting a total population exceeding 432,000 and an average household income of over $125,000 within a three-mile radius.

 

Lakeview is one of Chicago's most desirable neighborhoods, characterized by its dense population and lively atmosphere. The property enjoys prime visibility and accessibility, being positioned along a major retail corridor on Clark Street, which experiences an average traffic volume of 12,180 vehicles per day. This ensures a high level of exposure and foot traffic, essential for retail success.

 

The property's location offers unparalleled convenience with excellent public transportation options. It is situated just a few blocks from the Belmont Purple & Red Line CTA Stations, providing easy access to the broader Chicago area. Additionally, it is less than half a mile from Lakeshore Drive and approximately 2.5 miles from Interstate 90, making it highly accessible for both commuters and visitors.

 

The area surrounding 3219 N. Clark St is rich with amenities and attractions. Advocate Illinois Masonic Medical Center is just a few blocks away, offering a significant draw for healthcare professionals and visitors. Wrigley Field, the iconic home of the Chicago Cubs, is less than a mile north, further enhancing the area's appeal with its frequent events and large crowds.

 

The neighborhood is also a shopping and dining haven, featuring a diverse mix of retailers and eateries. Prominent nearby retailers include Walmart, Mariano’s, Dom’s Kitchen & Market, Trader Joe’s, Walgreens, CVS/Pharmacy, TJ Maxx, and Binny’s Beverage Depot. Entertainment options such as Landmark Century Cinemas add to the area's vibrancy. Beauty and wellness needs are met by establishments like Ulta Beauty, while essential services are provided by FedEx, UPS Store, and Go Grocer.

 

Moreover, the locale is home to numerous popular food and beverage outlets, including Foxtrot, J Crew, AT&T, Starbucks, Chipotle, Taco Bell, Nando’s, Jimmy Johns, Stan’s Donuts, Pizza Hut, Subway, and Dunkin’. This rich variety of amenities ensures that both residents and visitors have everything they need within a short distance, making 3219 N. Clark St a prime location for any retail establishment.