2723 W Division Street is a mixed-use property available in the Humboldt Park neighborhood. The Property's existing condition is ideal for restaurant users and the property offers a great value-add opportunity by constructing apartments on the building's second floor. The site is located less than one block from Humboldt Park.

Location Description:

Humboldt Park

Division Street is the main retail corridor in the quickly developing Humboldt Park Neighborhood and also conveniently connects commuters to the Blue and Red line Division CTA stops, which provide direct access to the downtown loop and surrounding neighborhoods from the Division Street Bus Line.

Humboldt Park is a 207 acre open green space which is rare and highly desirable in the Chicago area. The neighborhood is famous for its art and has attracted the development of the Paseo Boricua Arts Center and cultural hub which will include 7 buildings and include 15 live/work apartments, a retail space, a multi-media center, a 3,000 SF gallery, and a piano lounge.

The area as a whole benefits from being surrounded by some of the most desirable neighborhoods in the city including Ukrainian Village to the Southeast, Wicker Park/Bucktown to the East and Northeast and Logan Square to the North.

Highlights:

>> GREAT EXPOSURE ALONG DIVISION STREET

>> VALUE-ADD OPPORTUNITY

>> STEPS FROM PLANNED PASEO BORICUA ARTS CENTER

>> VACANT BUILDING, IDEAL FOR OWNER USER

>> OPEN FLOOR PLANS

>> LOCATED IN THE HUMBOLDT PARK TIF DISTRICT

>> EXCELLENT C1-3 ZONING

>> LESS THAN 1 BLOCK FROM HUMBOLDT PARK AND RAPIDLY DEVELOPING CALIFORNIA AVE

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Sales Info:

>> Commision split: 2.5%