Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1113 W. Armitage Avenue (the “Property”), an urban infill mixed-use investment prominently located in Chicago’s affluent and vibrant Lincoln Park neighborhood.

The ±10,150 square foot, two-story mixed-use property is situated upon ±4,800 square feet of land with ±48 feet of frontage along Armitage Avenue. The six (6) unit building is 100% occupied by two (2) retail units on the ground floor, and four (4) live/work units on the second floor. The Property is anchored by Birch Road Cellar, a membership-based wine and spirits club that has locations in Seattle, Denver, and a second Chicago. Birch Road Cellar has been operating at the Property since 2013 with no remaining options to extend their term. The Property offers a rare opportunity to acquire irreplaceable real estate that contains several value-add components, while generating a steady cashflow at below market rents.

The Property benefits from a robust commercial corridor with superior public transit options including the CTA Armitage Purple/ Brown Line ‘L’ Station positioned just 0.2 miles from the Property. Armitage Avenue stands out as Lincoln Park’s premier retail corridor featuring a diverse mix including food, clothing, grocery, entertainment, education, performing arts and healthcare from some of the most successful users in each category. Notable tenants include Jeni’s Ice Cream, Foxtrot, Clare V, La Colombe, Tie Bar, Lush Cosmetics, Starbucks, Paper Source, Jenni Kayne, gorjana, Aesop, Marine Layer, Bonobos, Allbirds, Outdoor Voices, and many more.

Chicago’s Lincoln Park is one of the city’s most affluent neighborhoods and offers incredible demographics with a 1-mile population of 61,802 people, an average household value of $160,147 and a median home value of $707,440.