Description
Incredible investment opportunity located in the heart of Chicago's Bucktown neighborhood available for sale for the first time in generations. This well-maintained building consists of four street level commercial units and four residential units upstairs. The building is 100% occupied and has been since 2019. In addition to the existing tenants, the building has also entered into a long-term leasing arrangement with Verizon to install a cell phone tower. An opportunity exists for any Buyer to sell the Verizon lease at closing and apply up to $400K+ to "buy-down" the the purchase price. In addition, after the sale of the lease, long-term revenue share opportunities with the cell tower still exist. Another revenue opportunity would be to re-install a billboard where legacy board previously existed. Additional information such as rent roll and value-add opportunities requires executed NDA. Proof of funds needed to schedule formal tour.
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School Ratings & Info
Description
Incredible investment opportunity located in the heart of Chicago's Bucktown neighborhood available for sale for the first time in generations. This well-maintained building consists of four street level commercial units and four residential units upstairs. The building is 100% occupied and has been since 2019. In addition to the existing tenants, the building has also entered into a long-term leasing arrangement with Verizon to install a cell phone tower. An opportunity exists for any Buyer to sell the Verizon lease at closing and apply up to $400K+ to "buy-down" the the purchase price. In addition, after the sale of the lease, long-term revenue share opportunities with the cell tower still exist. Another revenue opportunity would be to re-install a billboard where legacy board previously existed. Additional information such as rent roll and value-add opportunities requires executed NDA. Proof of funds needed to schedule formal tour.
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Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
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