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Local Private Investor Purchases The Retail Shops On Lincoln Avenue In Chicago For $2.45M
SOLD
$2,400,000
Illinois
See Similar DealsRetail5,281 SF
Sold 02/14/2025
SOLD
Local Private Investor Purchases The Retail Shops On Lincoln Avenue In Chicago For $2.45M
Retail5,281 SF
Sold 02/14/2025
Summary
Asset Type:Retail
Price Per Square Foot:$454
Total Square Footage:5,281 SF
Transaction Type:Sale
The Retail Shops on Lincoln Avenue is a retail property located in Chicago's Lincoln Park. It sold for $2,450,000, which translates to approximately $464 per square foot for a total size of 5,281 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,450,000
- Address: The Retail Shops on Lincoln Avenue
- Market: Chicago
- Square Footage: 5,281
- Price Per Square Foot: $464
Greenstone Partners' Jason St. John and Brewster Hague represented the seller, who is identified as a Chicago-based developer, during the transaction with a local private investor acquiring the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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