800 W Scott Street
Chicago, Illinois 60642

Closed / MLS #11937012 / Office / Tech / Near North Side
Listing information updated 2/28/2024 at 7:43am
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.

Listing Office: Berkshire Hathaway HomeServices Chicago

Listing Office Phone: 312.944.8900

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/28/2024 at 7:43am. 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. Some listings have been excluded from this website.


Not quite what you are looking for?

Similar listings for sale near 800 W Scott Street, Chicago, IL 60642


Like the area?

More homes for sale near 800 W Scott Street, Chicago, IL 60642