Summer House/Stella Barra
1950-1958 N Halsted St Chicago , IL 60614-5009

Summer House/Stella Barra - retail for sale

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Overview



The Property anchors one of Chicago's most coveted and established residential neighborhoods, Lincoln Park. The neighborhood is filled with rich history and architecture with several of the properties having historical significance and landmark status. Most of the existing real estate in the area is several decades old with fractured ownership. The Property provides a unique opportunity to enter a high barrier to entry submarket with scale with a product that is physically superior to competitive assets providing long term prospects for rent appreciation and tenant retention.

Investment highlights


  • Dynamic residential, retail, food & beverage submarket
  • Preeminent restaurant operator with well-performing concepts
  • Transit-oriented location
  • Enviable adjacent consumer base
  • 100 feet of prime frontage along Halsted
  • Passive income stream with outstanding residual value
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 1950-1958 N Halsted St, Chicago, IL 60614-5009
Market Chicago
Land in acres 0.35
Building size 10,182  ft2
Financial
Price Confidential
Cap rate Confidential
Lease

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