5217 Chicago Avenue, CHICAGO

$1,250,000

0 Beds
0 Baths
7,205 Sqft
0 Acres
0 Garages

Opportunity Zone Investment! 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 10.4%. When vacancy is leased at current market rents NOI will jump to $150K and cap rate would be increased to 12%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**

Essential Information
MLS® #09950143
Price$1,250,000
Square Footage7,205
Acres0.00
Year Built2008
TypeCommercial
Sub-TypeRetail/Stores
StatusActive
Community Information
Address5217 Chicago Avenue
AreaCHI - Austin
CityCHICAGO
CountyCook
StateIL
Zip Code60651
Amenities
UtilitiesElectric to Site, Gas to Site
Parking Spaces16
Interior
HeatingForced Air, Gas
CoolingCentral Air
Stories1
Exterior
ExteriorBrick
RoofFlat
ConstructionBrick
FoundationConcrete
Additional Information
ZoningCOMMR
Listing Details
OfficeFirst Western Properties
Property History
Status Changed from Re-activated to Active
Status Changed from Active to Re-activated
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,290,000 to $1,250,000
Status Changed from New to Active
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Listing information last updated on September 17th, 2019 at 10:05pm CDT.