Clybourn Center

2037 N Clybourn Ave, Chicago, IL, 60614-4003, US

Description

Address: 2029-2073 N Clybourn Avenue, Chicago, IL

GLA: 33,140 SF

Year Built/Renovated: 1989

Parking Spots: 86

Occupancy: 91.2%

Number of Suites: 13

WALT: 5.8 Years

Year 1 NOI: +/- $1,170,000

5-Year CAGR: 6.2%

...

Year built

1989

Occupancy

91.2%

WALT

5.8 years

Parking spaces

Premier Infill Location in Chicago’s Lincoln Park Neighborhood
Dense, affluent trade area with 56,696 residents and $235,061 average household income within 1-mile
Highly visible, street-front retail on Clybourn Avenue (10,600+ VPD), less than 5 miles from downtown and 5 minutes from I-90/I-94
Rare surface level parking (86 spaces)
Direct Beneficiary of $1B+ Foundry Park Redevelopment
Located directly across from JDL’s $1B+ Foundry Park, a transformative, mixed‑use project reshaping the corridor
Foundry Park will deliver ~3,700 residential units, ~350K SF of office, ~420K SF of retail, and 12 acres of open space
Leasing Momentum with Value-Add Opportunities
Three new leases in 2025, totaling 6,762 SF (~20% of GLA)
Two vacancies (1,607 SF & 1,301 SF) provide immediate NOI growth potential
Mark-to-market opportunities
Resilient Medical & Service-Oriented Tenant Mix
38% of GLA occupied by medical tenants
No single tenant contributes more than 17% of income