Andersonville Value-Add Mixed-Use Investment For Sale

Highlights:

• Ideal Investment Opportunity For a Restaurateur
• Recent Major Renovation
• Value Add Opportunity
• Outstanding Demographics
• Rare Andersonville Location

Description:

SVN Chicago Commercial, as the Exclusive Advisor, is pleased to present the opportunity to acquire 5212-14 N Clark Street, Chicago, IL (the “Property”), a value-add urban mixed-use investment located in Chicago’s dense and vibrant Andersonville neighborhood. The 7,060 leasable SF building is comprised of five units; three 2 bed/1 bath apartments, one 1 bed/1 bath apartment, and one commercial space currently built out as a full-service restaurant. The apartments were renovated in 2005/2006 with new kitchens & baths, tenant-paid HVAC, separate hot water tanks and hardwood floors. The two rear units also have private decks.

The restaurant space recently went through a major renovation and consists of 3,800 SF on the ground floor with an additional 1,500 SF finished basement. The property is ideally located on the west side of Clark Street on an extra wide, extra deep lot in the heart of Andersonville, just a few doors north of Foster Avenue. Residents also have quick and easy access to multiple bus stops, as well as Red Line L stops within 1 mile of the property. 5212-14 North Clark Street is a rare opportunity to own a building, with a fully equipped restaurant in an irreplaceable Andersonville location with an upside in the apartment rents.

Andersonville is a neighborhood on the north side of Chicago. Its retail corridor runs primarily along North Clark Street, between Winnemac Avenue to the south and Victoria Avenue, the location of Gesthemene, Chicago’s most expansive garden center, to the north. The area is known for its unique shops, boutiques, and restaurants that cater to a diverse population and are a prime driver of destination diners and shoppers.

The Andersonville retail corridor features a mix of independent retailers, specialty stores, and local businesses. Many of the storefronts are housed in historic buildings, adding to the charm of the neighborhood. The area has a pedestrian-friendly design with wide sidewalks, outdoor seating, and street parking.

Over the past two years, the area has welcomed new bars and restaurants like Lonesome Dove, Pizza Lobo, Nobody’s Darling, and Parsons Chicken & Fish. The neighborhood is also home to many longtime stalwarts such as Anteprima, Hopleaf, Calo, and Big Jones.

Robust community programming, such as the annual Midsummer Fest, Taste of Andersonville and the Andersonville Wine Walk, showcases local businesses.

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