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No Tenant Specified

Bluebird Lanes | Redevelopment Opportunity

3900 W Columbus Ave, Chicago, IL 60652

Listing Price: $1,300,000

Cap Rate
8.31%
Tenant Name
Bluebird Lanes
Years Remaining On Lease
0.6
Gross SF
27,100
Guarantor
Personal Guarantee
Rentable SF
27,100
Price/Gross SF
$47.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$3.99

Investment Overview

Marcus & Millichap is pleased to present the property located at 3900 W Columbus Avenue in Chicago, Illinois. The sites are located two blocks west of the Pulaski/87th Street/Southwest Hiway Interchange. The property for sale spans three separate sites (nine PINs) along Columbus Avenue and will sold all together. The ownership will not be breaking the property apart. Bluebird Lanes, a bowling alley currently occupies the sole building on the parcel. They are currently on a month to month lease that will either provide income while a new owner is getting their entitlements for a new owner, or a tenant if they should decide to keep the bowling alley on the premises. According to the alderman’s office, the bowling alley site is zoned residential. The parcels bordered by Springfield and Columbus are zoned B3-1 and the last parcel facing Columbus are zone M1-1.

Investment Highlights

  • • 2.12-Acre Site Which Includes Retail Building Currently Occupied by Bluebird Lanes (bowling alley)
  • • One Block to Signalized Intersection of Pulaski and Southwest Highway
  • • Approximately 297 Building Frontage on Columbus Avenue.
  • • Approximately 421 Feet Columbus Frontage on Parking Lot Across From the Building
  • • Approximately 378 Feet Columbus Frontage on Parking Lot Bordered by W85th and Springfield Avenue
  • • 16,300 vehicles per day on Columbus
  • • Bluebird Lanes Has Been at the Site for 12 Years and is Currently on a Month-To-Month Basis by Design Offering the Most Flexibility for a New Owner

Exclusively Listed By

No Tenant Specified

Bluebird Lanes | Redevelopment Opportunity

Listing Price: $1,300,000

Cap Rate
8.31%
Tenant Name
Bluebird Lanes
Years Remaining On Lease
0.6
Gross SF
27,100
Guarantor
Personal Guarantee
Rentable SF
27,100
Price/Gross SF
$47.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$3.99

Investment Highlights

  • • 2.12-Acre Site Which Includes Retail Building Currently Occupied by Bluebird Lanes (bowling alley)
  • • One Block to Signalized Intersection of Pulaski and Southwest Highway
  • • Approximately 297 Building Frontage on Columbus Avenue.
  • • Approximately 421 Feet Columbus Frontage on Parking Lot Across From the Building
  • • Approximately 378 Feet Columbus Frontage on Parking Lot Bordered by W85th and Springfield Avenue
  • • 16,300 vehicles per day on Columbus
  • • Bluebird Lanes Has Been at the Site for 12 Years and is Currently on a Month-To-Month Basis by Design Offering the Most Flexibility for a New Owner

Investment Overview

Marcus & Millichap is pleased to present the property located at 3900 W Columbus Avenue in Chicago, Illinois. The sites are located two blocks west of the Pulaski/87th Street/Southwest Hiway Interchange. The property for sale spans three separate sites (nine PINs) along Columbus Avenue and will sold all together. The ownership will not be breaking the property apart. Bluebird Lanes, a bowling alley currently occupies the sole building on the parcel. They are currently on a month to month lease that will either provide income while a new owner is getting their entitlements for a new owner, or a tenant if they should decide to keep the bowling alley on the premises. According to the alderman’s office, the bowling alley site is zoned residential. The parcels bordered by Springfield and Columbus are zoned B3-1 and the last parcel facing Columbus are zone M1-1.

Exclusively Listed By

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