Commercial Condo on Southport Entertainment District
Listing was updated at: 08/13/2019
Property Overview
Price/Rent PSF $ 699,000.00 /39.50
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 1,586
Date Available 08/13/2019
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Description

Location
One of the most sought-after areas of the city, the Chicago neighborhood of Lakeview is the most populated area in the Midwest largely due to its great dining, shopping and nightlife. Its four mile proximity to the Loop makes it a prime real estate destination.
It is also home to the Chicago Cubs' Wrigley Field, and a part of the neighborhood is named for it. The many bars and restaurants are always full, especially during baseball season when they feed and entertain thousands of fans. Less than one mile from Wrigley Field, home to the Chicago Cubs and 2016 World Series Champions and $500 million in construction.

Lakeview is one of the 77 community areas of Chicago, located on the city's North Side. The 2014 population of Lakeview was 97,968 residents making it the 2nd largest of the Chicago community areas by population. Lakeview includes smaller neighborhood enclaves: Southport Corridor and Wrigleyville. Wrigleyville, another popular district, surrounds Wrigley Field, home of the Chicago Cubs. In 2013 Money Magazine names Lakeview as number 3 of its Top 10 Big-city neighborhoods for its selection of Best Places to Live.

The pleasant surprise of Lakeview & Wrigleyville is that once you venture 20 steps from the main shopping, restaurant and bar/club areas, you'll find yourself in beautifully maintained tree-lined streets, with rows of lovely houses in all manner of architectural styles, ranging in age from near-century-old to 3 days ago. This is likely the other primary reason for this area's popularity; one can buy or rent a gorgeous house on a gorgeous street, then walk for 5 minutes and be in one of the city's mecca shopping/nightlife districts.

Transportation in and out of this particular neighborhood is plentiful, with the Ravenswood El Red, Purple and Brown line stops at Sheridan, Sheffield, Southport, Addison, Belmont, Wellington, and Diversey and CTA buses running on Sheridan, Halsted, Clark, Belmont, Lincoln, Diversey and Addison.

Sale
Retail Condo FOR SALE ($699K) or LEASE ($39.50 psf net) located in Lakeview on Southport Shopping & Entertainment Corridor just blocks from Wrigley Field. Currently built out as a yogurt shop, it is a rare 25' wide space approx. 1,586 sq.ft. with DEEDED PARKING. Attract Lakeview shoppers, Cub's Fans and theater crowds with a stellar location a few steps from Music Box & Mercury Theaters. Outdoor sidewalk cafe available. Densely populated neighborhood with very high household incomes. Near Wrigley Field, home of Chicago Cubs, currently going through $500 million in renovations. Contact agent for showing details. Ideal for retail, medical office, light food use, salon or financial services. Owner would consider selling the business and FF&E.


Lease
Retail Condo FOR SALE ($699K) or LEASE ($39.50 psf net) located in Lakeview on Southport Shopping & Entertainment Corridor just blocks from Wrigley Field. Currently built out as a yogurt shop, it is a rare 25' wide space approx. 1,586 sq.ft. with DEEDED PARKING. Attract Lakeview shoppers, Cub's Fans and theater crowds with a stellar location a few steps from Music Box & Mercury Theaters. Outdoor sidewalk cafe available. Densely populated neighborhood with very high household incomes. Near Wrigley Field, home of Chicago Cubs, currently going through $500 million in renovations. Contact agent for showing details. Ideal for retail, medical office, light food use, salon or financial services. Owner would consider selling the business and FF&E.

Location