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
October 17, 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
723
Garage
No
View
No
County
Cook
Pool
No
Zoning
COMMR
Courtesy of Brookline Real Estate LLC, Dominick Cannata,
Listing Contact: 630-590-5910
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Based on information submitted to the MLS GRID for MRED 10/17/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:20 PM UTC, 10/17/2024
