Active

5225 W Madison Street

Chicago IL, 60644

$3,300,000


$145.80 per sqft

Active

22,634 sqft

Commercial

Built in 2005

Courtesy of Brookline Real Estate LLC

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.

11661066

MLS ID

October 26, 2022

Listed

February 16, 2024

Updated

Map

5225 W Madison Street
Chicago IL, 60644

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Individual


Heating

No

Exterior/Building Features

Lot Size

0.9 Acres

Other Property Details

Area Name

CHI - Austin


Taxes

$97,044


Tax Frequency

Annually


Days on Market

360


Garage

No


View

No


County

Cook


Pool

No


Zoning

COMMR

Courtesy of Brookline Real Estate LLC, Dominick Cannata,
Listing Contact: 630-590-5910 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Casselyn Tertell Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 12:59 AM UTC, 2/16/2024

 

 

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