5225-5253 W Madison St - Storefront Retail/Office FOR SALE


Chicago, IL 60644
$3,300,000 USD
630-590-5910
5225-5253 W Madison St, Chicago, IL for Sale
$3,300,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 9.25% Cap Rate

5225-5253 W Madison St
Chicago, IL 60644


HIGHLIGHTS

  • Anchored By UIC Outreach Center
  • Just North Of Highway I-290
  • Beautifully Maintained Center
  • Immediate Proximity To Transit

OVERVIEW

Brookline Real Estate, LLC. is proud to present 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.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University of Illinois Chicago-Anchored

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C2-2

APN/PARCEL ID

16-16-102-029-0000

ASK ABOUT THIS PROPERTY

Dominick CannataBrookline Real EstateMore Info
630-590-5910

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Dominick CannataBrookline Real EstateMore Info
630-590-5910

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