August 26, 2025 – John Preston and Mark Heidecke of Horvath & Tremblay have successfully completed the sale of a two-building retail Property in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $775,000.
Located at 3637-3649 W Division Street in Chicago, Illinois, the Property is improved by two commercial buildings and a Clear Channel Billboard on a 22,625 square foot (0.52-acre) corner parcel of land. 3637-49 W Division Street is currently occupied by a Muffler Shop and Grocery Store and has one vacant unit, and a vacant Billboard (previously leased to Clear Channel). The Property offers significant upside through the repositioning of the asset. The Property is zoned C2-1 Motor Vehicle-Related Commercial District, a versatile zoning designation allowing for a broad range of commercial uses along major streets. 3637-49 W Division Street offers the opportunity to reposition the Property, taking advantage of the desirable corner location by redeveloping the Property to its highest and best use. 3637-49 W Division Street is situated in a prime location at the 6-way intersection of W Division Street, W Grand Avenue, and N Monticello Avenue in the desirable Humboldt Park neighborhood on Chicago’s West side. The Property boasts excellent visibility with frontage and access on both W Division Street, W Grand Avenue and N Monticello Avenue. The location is close to area schools and businesses and is surrounded by residential neighborhoods providing a robust consumer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.