2829 W Armitage Ave

Investment Highlights

Bldg. 15,600 SF One Commercial Space & Four Residential Units 21,688 Average Daily Traffic Zone B3-1 Fully Stabilized

Executive Summary

KW Commercial is pleased to present a mixed-use investment opportunity located in the vibrant Logan Square neighborhood. Well-maintained asset which features a restaurant. This property boasts impressive features and attributes, making it an attractive prospect for savvy investors and business owners seeking a strategically positioned and well-maintained asset.Property Details:- Building Size: 15,600 Square Feet- Lot Size: 5,250 Square Feet- Zoning: B3-1- Location: Corner of Armitage Ave. and Mozart St., Logan Square- Floors: Three- Composition: One commercial space and four residential units- 100% StabilizedKey Highlights:- Renowned Dos Urban Cantina Lease: The property includes a leased commercial space occupied by the well-established and renowned Dos Urban Cantina. This esteemed tenant brings stability to the investment and adds value to the property due to its popularity and established reputation within the community.?- Desirable Residential Units: The four residential units, thoughtfully designed as two units of two beds and one bath each, offer comfortable living spaces complemented by in-unit washer/dryer facilities. The residential units present a steady income stream and cater to the increasing demand for quality housing in the Logan Square neighborhood.?- Modern Amenities and Infrastructure: The property stands out with its contemporary features, including individual furnaces and water tanks for each unit, full HVAC systems for hot and cold forced air throughout the entire building, and copper plumbing. These modern amenities ensure tenant comfort and convenience, adding to the property's appeal.?- Recent Capital Improvements: Extensive capital expense investments, totaling above a quarter of a million dollars in 2022, demonstrate the property's commitment to maintaining its value and ensuring a hassle-free ownership experience for the future buyer. Recent updates, such as tuck-pointing and a new tear-off roof, enhance the building's structural integrity and longevity.?- Excellent Traffic Exposure: With an average daily traffic of 21,688 cars passing by on the corner of Armitage Ave. and Mozart St., the property enjoys significant exposure, providing ample visibility for the commercial space and increasing the potential for attracting new customers.?Outdoor Deck: An existing outside deck of 500 SF adds a valuable amenity for tenants and patrons, creating an inviting space for leisure and entertainment.?- As a discerning investor, this commercial property presents an opportunity to capitalize on the thriving Logan Square market and its continued growth potential. I am confident that the property's prime location, versatile composition, and recent capital improvements will yield long-term benefits and a strong return on investment.- Commercial Lease - Presently at a monthly rate of $8,234, it carries 3% annual increases, is responsible for 50% of the taxes for the building, and 50% of the building's water-use.

• Sale Type    Investment or Owner User
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food Restaurant
• Building Size    1,832
• Building Class    C
• Year Built    1971
• Price    650,000
• Price Per SF    355
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.22
• Land Acres    0.19 AC

• Air Conditioning
• Washer/Dryer
• Heating