951 W Armitage Ave, Chicago, IL 60614

Located between the north side neighborhoods of Old Town and Lincoln Park, Armitage Avenue has emerged as a shopping destination in its own right, thanks to an influx of wealthy young professionals who have settled into historic homes on the neighboring tree-lined streets. But what makes this stretch of street stand out above all else are the many boutiques and specialty stores populating the street. The Armitage Shopping District, located on Armitage Avenue, has been best known for its high fashion boutiques and designer stores, however, retail trends have transformed the district into a "clicks-to-bricks", or e-commerce, retail destination. Armitage Avenue's appeal is the mix of local, regional and national retail destinations. Highly acclaimed retailers and boutiques including Aesop, L'Occitane, Bevello, LUSH, The Tie Bar stand adjacent to e-retailer favorites like Bonobos, Warby Parker, Marine Layer, Indochino and Serena & Lily. In addition to its appealing mix or retailers, visitors are drawn to Armitage Avenue for its broad range of dining options. local quick and casual favorites including Vosges Haut-Chocolat, Chicago Bagel Authority, Butcher & The Burger, Jeni's Ice Cream, La Colobme Coffer Roasters, Fox Trot Market, Le Pain Quotidien and Freshii. SVN Chicago Commercial, as the Exclusive Investment Advisor, is pleased to present to qualified investors the opportunity to acquire a rare urban infill value-add mixed-use property in the highly sought after Lincoln Park neighborhood located along the upscale Armitage Avenue corridor. 951 W Armitage Avenue (the "Property"), is a three (3) story 4,488 +- square foot mixed-use building situated upon +- 3,050 square foot of land. The property contains a 100% leased ground floor retail space plus four (4) one (1) bedroom one (1) bathroom residence. Vosges Haut-Chocolat occupies the 1,200 square foot storefront retail space and has been a tenant since January 1, 2005. Vosges Haut-Chocolat has an 50% pro rata share of the pass-thru expenses (real estate taxes, building insurance and water and sewer), which minimizing expenses to ownership. With this, the underlying real estate is positioned to see continued appreciation under future ownership.