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Beth Kaim, Sales Associate
SOLD
$4,200,000
Date 01/20/2024

800 W Scott Street
Chicago, IL 60642

Business Opportunities
Residence
5,215
Sqft
0.43
Lot Size
Courtesy: Berkshire Hathaway HomeServices Chicago

Description for 800 W Scott Street Chicago, IL 60642

Long term Triple net ground lease of 18,730 square feet of land perfectly located steps from the North ave and Clybourn retail corridor and the red line. Currently leased by extremely solid tenant I Fly since 2016, this property offers a 6 cap rate of return at $253,000 net annually. Tenant pays all taxes, insurance, common area maintenance, utilities and repairs/ replacement. Absolutely expenses to the owner! Rent increase effective 10/2026 to $278,300 through lease end 10/2031. 3 consecutive 5 year options with healthy and proportionate rent increases ending 9/2046 at $370,417 annual net income. Incredible site for future development or buy and hold as an easy armchair investment! Please do not disturb tenants.

Property Details

11937012
Business Opportunities, 1 Story
Cook
2016
0.43 Acres
1
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Courtesy: Berkshire Hathaway HomeServices Chicago
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/18/2024 11:54 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Equal Housing Opportunity.


Beth Kaim 1010 Rohlwing Road, Elk Grove Village, IL 60007 | Phone: (847) 452-1994 | Email: beth@yourpad.com

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