Local Private Investor Purchases The Retail Shops On Lincoln Avenue In Chicago For $2.45M
$2,400,000
$454/SF
Building Size
5,281 SF
Asset Type
Retail
Closing
Feb 14, 2025
AI
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.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93