Property for Sale: 5225 W Madison, Chicago, IL 60644
$3,300,000
$3,300,000
5225 W Madison,
Chicago, IL 60644
$3,300,000
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Price:
$3,300,000
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 2005
City Chicago
County Cook
MLS 11661066
Status Active
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.
Lot & Building Features
Cooling Central Individual
Tax Year 2021
Lot Dimensions 150X50 ft
Price History of 5225 Madison, Chicago, IL
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $3,300,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Brookline Real Estate LLC, Dominick Cannata
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5225 Madison (MLS #11661066) is a commercial listing located in Chicago, IL. This property was listed on 10/26/2022 and has been priced for sale at $3,300,000.
Nearby zip codes are 60304, 60624, 60651, 60657 and 60804. This property neighbors other cities such as Cicero and Oak Park.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Brookline Real Estate LLC |