5217 W Chicago Avenue Chicago, IL 60651

$1,290,000
5217 W Chicago Avenue, Chicago, IL 60651
09950143

Commercial Property for sale in Chicago, IL

for $1,290,000. This 7,205 square foot building was built on a lot size of 107 X 141.

Property Information

  • $1,290,000
  • Commercial
  • 7,205 Square Feet
  • Taxes are $40,696
  • Retail
  • Active
  • 1 Floors
  • Lot size of 107 X 141
  • Chicago, IL
  • Austin Neighborhood
  • Cook County
  • MLS/Web ID is 09950143

Description

Newer 7, 205 sf retail center on a 15, 200sf lot. The center was built in 2008. It is 88% leased with only one 907 sf space vacant. Existing tenants include Subway, Metro PCS, Golden Hook Fish & Chicken and Austin Wine & Spirits. Current NOI is +/-$126, 296, and cap rate based on existing NOI is 9.75%. If vacancy is leased at current market rents NOI could jump to $148K and cap rate would be increased to 11.5%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**

Interior 2

Cooling System

  • Central Air

Heating System

  • Forced Air
  • Gas

Exterior 6

Construction

  • Brick

Foundation

  • Concrete

Parking

  • 1-20 Parking Spaces

Road Frontage

  • City Street

Roof

  • Flat Roof
  • Membrane

Siding

  • Brick

Miscellaneous 1

Utilities

  • Electric

Rental 1

Tenant Pays

  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Janitorial
  • Other Expenses
  • Real Property Taxes
  • Water/Sewer

† Excluded Feature

Listed By

Broker: FIRST WESTERN PROPERTIES

5217 W Chicago Avenue, Chicago, IL, 60651 is a Commercial Property for sale at $1,290,000 with 7,205 sqft and a lot size of 107 X 141. 5217 W Chicago Avenue has 0.0 baths. The property's zip code is 60651 which is in Chicago, IL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Chicago $554,525 57 % below $349,000 73 % below
Commerical listings in Chicago $717,876 44 % below $399,900 69 % below

Get the facts about Chicago, IL!

Population 2,758,555
Population Growth (since 2000) -4 %
Median Income $49,562
Median Age 34.83
Households w/ Children 25 %

Residential Dwellings

  • Owned 491166
  • Vacant 139733
  • Rented 585273

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