Description
Proud to represent the land sale of 6943 N. Western Ave. This redevelopment opportunity is located in Chicago's West District neighborhood. The zoning is C1-2 and has a land SF of 9,975 SF. Cell Tower Lease: Located on the southeast portion of the property. The rent commenced in January 1997 and was renewed in May 2015 with a 28 year lease. The current lease has 21 years remaining as of June 2022. The current rent is $34,500 per year. The rent is upgraded every 5 years with the next upgrade being in June of 2023 for $39,675 per year. The listing price includes income from cell tower lease.
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School Ratings & Info
Description
Proud to represent the land sale of 6943 N. Western Ave. This redevelopment opportunity is located in Chicago's West District neighborhood. The zoning is C1-2 and has a land SF of 9,975 SF. Cell Tower Lease: Located on the southeast portion of the property. The rent commenced in January 1997 and was renewed in May 2015 with a 28 year lease. The current lease has 21 years remaining as of June 2022. The current rent is $34,500 per year. The rent is upgraded every 5 years with the next upgrade being in June of 2023 for $39,675 per year. The listing price includes income from cell tower lease.
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Based on information submitted to the MRED as of 2023-06-04T21:57:44.037 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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