5225 West Madison Street, Chicago, IL, 60644
$3,300,000
About 5225 West Madison Street
Presenting a rare opportunity to acquire a multi-tenant retail investment property positioned in a strong transit oriented location in the city of Chicago. 5225 W Madison Street contains 20,034 square feet across two buildings and is situated on approximately 0.90 acres. Near the lighted intersection of Madison Street and Laramie Avenue just north of I-290, the center benefits greatly from its position across from Walgreens among several other retailers on one of the city's main thoroughfares. The center is fully occupied by many internet-resistant tenants on long-term leases. Recently anchoring the center, University of Illinois Chicago Outreach Center has just signed a long-term lease at the two-story endcap east building. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors 54 parking spots in a secure and well-kept rear lot. Madison Street provides street parking and bike lanes as well. This asset is being offered at a 9.25% CAP with tremendous cash flow and continued growth.
Additional Information: This property is located in the CHI - Austin neighborhood, IL. This 0 bedrooms retail/stores property is priced at $3,300,000.
Facts & Features
MLS® # | 11661066 |
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Price | $3,300,000 |
Bathrooms | 0.00 |
Taxes | $97,044 |
Acres | 0.00 |
Year Built | 2005 |
Type | Commercial Sale |
Sub-Type | Retail/Stores |
Status | Active |
Community Information
Address | 5225 West Madison Street |
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Area | CHI - Austin |
City | Chicago |
County | Cook |
State | IL |
Zip Code | 60644 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Cooling | Central Individual |
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Fireplace | No |
Has Basement | No |
Additional Information
Days on Market | 775 |
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Zoning | COMMR |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Taxes | $97,044 |
Listing Details
Office | Brookline Real Estate LLC |
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