SOLDRetail
Local Private Investor Acquires 37,615 Square Foot Retail Property In Chicago For LLJ Ventures
2021–2063 North Clark Street
Building Size
37,615 SF
Asset Type
Retail
Closing
Jul 27, 2026
AI
The retail property located at 2021–2063 North Clark Street in Chicago, IL, features a total square footage of 37,615. It is part of the Lincoln Park area, which is known for its vibrant community and commercial activity. This asset benefits from its anchor tenants, including PNC Bank, Starbucks, RJ Grunts, and Lincoln Park Preschool, along with a seven-year weighted average lease term that presents stability and potential additional value through lease-up or adaptive reuse of its second floor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 37,615
- Address: 2021–2063 North Clark Street
- Market: Chicago, IL
- Seller: Leonardo Simpser - LLJ Ventures
- Broker Representatives: George Ghattas, Joe Girardi & Patrick Corrigan - Mid-America Real Estate Group
The deal was successfully orchestrated by Mid-America Real Estate Corporation, representing LLJ Ventures. The acquisition involved a local private investor who recognized the value of the Lincoln Park West property and its potential for growth in the competitive Chicago retail market.
Players
Clark 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93