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$4,200,000

  • Sold
  • Closed
  • Commercial
  • 5,215 Sq. Ft.
See This Home
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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.

Full Property Details for 800 W Scott St

General

  • Sold For: $4,200,000
  • Taxes: $21,996 (2021)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 11937012
  • Added to Site: 873 day(s) ago

Location

  • Area: CHI - Near North Side
  • County: Cook
  • Driving Directions: Division to Halsted, North to property on West side of Halsted
  • Location Details: Chicago North

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Stories/Levels: 1
  • Square Feet: 5,215
  • Year Built: 2016

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,730
  • Lot Dimensions: 146 x 153 x 150 x 103
  • Zoning: INDUS

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Assessment Year: 2016
  • Tax Amount: $21,996
  • Tax Year: 2021
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer, Water, Hot Water

Disclosures and Reports

  • Property ID: 17052250110000

Listed by Berkshire Hathaway HomeServices Chicago
Sold by Jameson Commercial

Listing agent

— 800 W Scott St —

  • Berkshire Hathaway HomeServices Chicago

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 800 W Scott St

School District:Chicago Public School District 299
NameGradesDistance
Ogden Elementary School
24 West Walton Street, Chicago, IL 60610
K-81.1 mi
Lincoln Park High School, Chicago, IL
2001 North Orchard Street, Chicago, IL 60614
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 800 W Scott St

Date
Details
Price
Change
Source
1/20/2024
Sold
$4,200,000
-2.33%
MLS
11/27/2023
Listed
$4,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Berkshire Hathaway HomeServices Chicago
Sold by Jameson Commercial

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800 W Scott Street, Chicago, IL 60642 (MLS# 11937012) is a Commercial property that was sold at $4,200,000 on January 20, 2024. Want to learn more about 800 W Scott Street? Do you have questions about finding other Commercial real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.