3500 N Halsted Street Chicago, IL $ 1,850,000
3500 N Halsted Street
$ 1,850,000
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3500 N Halsted Street

Chicago, IL, 60657
$ 1,850,000
Bedrooms-- Baths-- Sq 47,000
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Property for Rent in Chicago, IL

for $1,850,000. This 47,000 square foot property was built in 2004 on a lot size of 0.315657.

TURNKEY Investment Opportunity! FULLY LEASED with two, high quality, long-term tenants. NNN leases with 9- and 4-year remaining terms make this an armchair investment for many years to come. NOI $112,785 and a CAP RATE of 6.1 in 2026 and both leases have yearly escalations. Combined, they total 3,004 square feet of 13' tall retail space with high quality buildouts. Also included is 1 indoor parking space. Both stores have outdoor seating areas in the summer months. This premium space is on the ground floor of a 25-unit high-end condo building built in 2004. It has its own tax PIN and IS NOT PART OF THE CONDO ASSOCIATION. Prominent corner location with 137' frontage at the high traffic stop-sign corner of Halsted and Cornelia, one block south of Addison, in the East Lakeview neighborhood. 1-mile population radius 92K, 3-mile 410K. Average Household Income is $148K, daily traffic 13K, Walk Score 96, Transit Score 86. The new 71,000 SF Howard Brown Health Center is across the street and Wrigley Field, Whole Foods, and Target are all within three blocks of the property. Halsted #8 bus stop is on the corner, and the CTA Red line stop is 2.5 blocks away. PLEASE DO NOT DISTURB TENANTS

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Rental Active

Price

$ 1,850,000

Taxes

$ 34,162

Style

Lot Size

0.315657

Year Built

2004

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12553256

Features
General
Cooling Central Air Central Individual Exhaust Fan
Possession Closing
Zoning COMMR
Construction Materials Concrete Steel Siding Brick Stone
Year Built 2004
Electric Circuit Breakers Service - 201 to 600 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Insurance Repairs Trash Collection
Stories Count 5
Township Lake View
Property Subtype Neighborhood Storefront
Tax Year 2024
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 112785
Property Type Commercial Sale Retail/Stores
Status Active
Directions Halsted to Cornelia (3500 N) Northwest Corner
City Chicago
Number Of Units Total 2
MLS Area CHI - Lake View
Lot Size Square Feet 13750
Tax Annual Amount 34162
Additional Parcels Y/N N
Leasable Area 3004
Lease Type N/A
Standard Status Active
Cap Rate 6.1
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Exterior
Building Area Total 47000
Lot Dimensions 110x125
Frontage Type City Street
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* Excluded Features
List By
Marvin G. Grahn

Broker

Mgrahn@gvpdevelopment.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$1,850,000 Listed Price

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3500 N Halsted Street, Chicago, IL, 60657 is a Property for Rent at $1,850,000 with 47,000 sqft and a lot size of 0.315657. 3500 N Halsted Street was built in 2004. The property's zip code is 60657 which is in Chicago, IL