$ 3,300,000
5225 W Madison ST Chicago, IL 60644
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$ 3,300,000
Est. payment | /mo
22,634 SqFt
$ 3,300,000
Est. payment | /mo
22,634 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 22,634 sqft
Price per Sqft $145
MLS Listing ID 11661066
Year Built 2005
Annual Tax Amount $97,044
Tax Year 2021
Lot Dimensions 150X50
Property 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.
Location
State IL
County Cook
Area Chi - Austin
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Dominick Cannata • Brookline Real Estate LLC
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Sanjay Marathe
REALTOR® | Lic# 475168373