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5225 W Madison Street, Chicago, IL 60644
5225 W Madison Street, Chicago, IL 60644
  • $3,300,000

Overview

Property ID: 11661066
  • Commercial Sale
  • Property Type
  • 22634
  • 2005
  • Year Built

Description

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.

  • Address 5225 W Madison Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60644
  • Area CHI - Austin

Details

Updated on October 17, 2024 at 3:54 pm
  • Property ID: 11661066
  • Price: $3,300,000
  • Property Size: 22634
  • Garage Size: x x
  • Year Built: 2005
  • Property Type: Commercial Sale
  • Property Status: Active

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