5225 W Madison Street, Chicago, IL, 60644

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$3,300,000
519 Days Online

5225 W Madison Street
Chicago, IL 60644

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
22,634
SqFt
$146
/SqFt
2005
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Brookline Real Estate LLC 630-590-5910
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5225 W Madison Street5225 W Madison Street5225 W Madison Street5225 W Madison Street
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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.

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Listing Snapshot
Price 
$3,300,000
Days Online 
519 Days
Bedrooms 
N/A
Inside Area (SqFt) 
22,634 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2005
MLS Number 
11661066
Status 
Active
Property Tax 
$97,044
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 months agoListing updated with changes from the MLS
a year agoListing first seen online
General Features
Number of Stories 
2
Property Sub Type 
Retail
Zoning 
COMMR
Number Of Stories 
2
Interior Features
Cooling 
Central Individual
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Community Features
MLS Area 
CHI - Austin
Listing Courtesy of MRED as distributed by MLS Grid of Brookline Real Estate LLC 630-590-5910



Based on information submitted to the MLS GRID as of 2024-03-29 08:55 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Data last updated: 2024-03-29 08:55 AM UTC
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Neighborhood & Commute
Source: Walkscore
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