Highlights
• Prime location in Andersonville’s busiest retail corridor on Clark Street • High barrier-to-entry submarket with only 3.3% vacancy • Opportunity to scale immediately with two adjacent retail buildings on 0.21 acres and 75 feet of frontage • Big Jones renewed for 10 years with 3% annual rent increases; 17+ years at this location and multiple James Beard nominations • Strong tenant mix catering to Andersonville’s growing young family demographic (including pet owners) • Excellent demographics: ~450,000 residents within 3 miles; average household income over $100,000 • Andersonville named “Coolest Neighborhood in the US” by Time Out Magazine • All leases include annual rent escalations
Description
Marcus & Millichap is pleased to present the opportunity to acquire two adjacent retail buildings on Clark Street in Chicago’s highly desirable Andersonville neighborhood. Positioned in the heart of the bustling retail corridor—stretching from Winnemac to Ridge—the properties benefit from exceptional foot traffic and retail vacancies of around just 3%, supporting consistent cash flow and long-term rent growth potential. The portfolio is anchored by Big Jones, one of Chicago’s most acclaimed restaurants, which has earned multiple James Beard nominations and consistent praise from Eater and The Infatuation since opening in 2008. Big Jones recently extended its lease for 10 years with 3% annual rent increases, securing a strong income base for the property. Additional tenants include Kriser’s Natural Pet Food with grooming services, Sandbox Baby Boutique, and a chiropractor’s office above Big Jones, creating a well-rounded and complementary tenant mix. Located in a dense, affluent area with nearly 75,000 residents within a one-mile radius and average household incomes near $100,000, Andersonville has become a magnet for young professionals drawn to its vibrant local retail scene. With 0.21 acres of land and 75 feet of prime frontage on North Clark Street, this offering represents a rare chance to acquire substantial fee simple scale in one of Chicago’s most dynamic urban retail environments.
Listing Details
- Cap Rate
7.65%
- Tenancy
Multi
- Space Type
retail
- Sub Category
strip-centers
- Date Listed
10/15/2025
- Ownership Info
Fee Simple
- Investment Type
Stabilized
- Net Operating Income
$291,475
Property Specifics
- Property Name
Andersonville 2-Building Retail Portfolio
- Property Class
B
- No of Buildings
2
- No of Stories
1
- No of Units
4
- Year Built
1912
- Building Size
7,466 SF
- Lot Size
0.21 AC
- Zoning
B1-2
- Occupancy
100%