5101 W Division St - Storefront FOR SALE


Chicago, IL 60651- Austin
$649,000 USD
312-925-7938
5101 W Division St, Chicago, IL for Sale
$649,000 USD
Storefront - FOR SALE
1/17
null | Request Cap Rate

5101 W Division St
Chicago, IL 60651
Austin


OVERVIEW

Price drop for former Dollar Tree store ready to be utilized by the alert and savvy investor who recognizes a deal. Approximately 9,000 sf of open space, with large windows facing 92’ of frontage on Division St. Located approximately half way between Laramie Ave on the west (with 12,700 VPD) and Cicero Ave on the east (with 26,800 VPD). Conveniently located on the SW corner of Division St. and LeClaire Ave at a 4 way stop sign intersection. Approximately 12,000 VPD pass directly by this location. There are 2 CTA bus stops directly in front of this property, with the #70 bus serving passengers travelling both east and west. The #70 bus connects easily to the #54 bus on the north-south Cicero Ave route, and the #57 bus on the north-south Laramie Ave route. Although currently obscured by a dropped ceiling, there are actually two separate ceiling heights, with the south roof hiding a large span, bow truss roof. The bow truss roof covers an interior floor area measuring 90’ (E to W), and 48’ (N to S), and would make for a very striking interior space if opened up. The flat roof covers an interior floor area measuring approximately 90’ (E to W) and 34’ (N to S). These two areas combine to form one large area measuring approximately approximately 7,600 sf. There is also a smaller interior space in the rear of the building measuring approximately 90’ (E to W) by 13’ (N to S). This area has 2 bathrooms, the electrical equipment, and room for storage. This property would be perfect for another retail location, restaurant, day care, offices, or any number of other uses.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B3-1

APN/PARCEL ID

16-04-401-040-0000

ASK ABOUT THIS PROPERTY

David McLennanPearson Realty GroupMore Info
312-925-7938

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David McLennanPearson Realty GroupMore Info
312-925-7938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.