Mix-Use with Bar
Market Price
1245 North Ashland Avenue, Chicago, IL 60622
For Sale
Mixed Use
Active
Last Updated: 08/29/2024
8.7
Pro Forma Cap Rate
8,000 sqft
Building Size
Details:
Pro Forma Cap Rate : 8.7%
Building Size: 8,000 sqft
Lot Area: 3,600 sqft
Occupancy: 100%
Class: C
Units: 8
Year Built: 1916
Zoning: C-2
Tenancy: Multiple
Floors: 3
Parking Spots: 5
Heating: Central
Cooling: Central
Investment Strategy: Value Add
Highlights:
- High walking traffic
- Major street exposure
- Long time established bar
- Currently below market rent
Description:
Mix-use with 7 apartments and bar on the 1st floor open til 5am.
Very desirable Wicker Park bar and apartments mix use building.
Value Add
Transferable License to operate bar.
Location
Gallery
