5225 W Madison Street, Chicago, IL 60644

  • $3,300,000
  • $3,300,000
5225 W Madison Street, Chicago, IL 60644
  • Commercial Sale
  • Property Type
  • 2005
  • Year Built
For Sale
5225 W Madison Street, Chicago, IL 60644
  • $3,300,000
  • $3,300,000

Overview

Property ID: 73163
  • Commercial Sale
  • Property Type
  • 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
  • Country United States

Details

Updated on October 20, 2023 at 10:24 pm
  • Property ID: 73163
  • Price: $3,300,000
  • Year Built: 2005
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 22634
  • MLS#: MRD11661066
  • Office Name: BROOKLINE REAL ESTATE LLC
  • Agent Name: Dominick Cannata
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD24880
  • List Agent MLSID: MRD231694
  • List Date: 2022-10-26T19:38:18.000Z
  • Cooling: Central Individual
  • Tax Annual: 97044
  • Tax Year: 2021
  • County: Cook
  • Property SubType: Strip Center

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