Lit Cafe' (Chicago's Wicker Park Neighborhood) — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60622

Photos

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Investment Figures

Cap rate
9.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present the Lit Café retail condominium, located in Chicago’s highly desirable Wicker Park neighborhood. The subject property consists of an approximately 1,900-square-foot, street-level storefront fully leased to Lit Café, a specialty coffee operator offering hemp-infused beverages alongside a protein-focused bakery concept. Notably, the adjacent property to the west, Pop Craft Studio, is also available, presenting a potential dual-acquisition opportunity. The tenant operates under a triple-net lease, with minimal landlord responsibilities limited to 9 percent of the foundation, structural concrete floors, and exterior walls. The tenant reimburses its pro rata share of operating expenses. The lease includes a new five-year initial term with two additional five-year renewal options, each featuring three percent annual rent escalations. The property benefits from a dense and affluent trade area, with more than 527,000 residents within a three-mile radius and an average household income of approximately $182,000 within one mile. Lit Café is a community-focused retail café and bakery concept supported by strong foot and vehicle traffic along Division Street and nearby Milwaukee Avenue, two of Chicago’s premier retail corridors. This offering presents a stabilized Triple-Net investment with limited landlord responsibilities, located within one of Chicago’s most sought-after retail corridors. Investment Highlights: • Recently Executed Lease with 3 Percent Annual Rent Increases, Providing Consistent Income Growth and an Inflation Hedge • True Triple-Net Structure with Landlord Obligations Limited to Foundation, Structural Concrete Floors, and Exterior Walls • Situated along Division Street near Milwaukee Avenue, One of Chicago's Most Active Retail Corridors with Strong Foot and Vehicle Traffic • Over 527,000 Residents within a 3 Mile Radius and Approximately $182,000 Average Household Income within One Mile • One of Chicago's

Market Context

This food service in Chicago, IL is listed for sale. It is offered at an approximate 9.1% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Chicago, IL — view the full market.

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