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5518 Chicago AveChicago, IL 60651

11,650 SF Dollar Store, High Traffic

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 11,650-square-foot single-tenant retail building ideally situated at 5518 W Chicago Ave, Chicago, IL. The property, built in 1975, sits on a 0.58-acre lot and enjoys a prominent location on a major east-west thoroughfare, boasting excellent visibility. The building is currently leased to Dollar General under a 10-year net lease (commencing August 2015) with four 5-year options and 10% rental increases every five years. This ensures a stable and appreciating income stream. The site benefits from high traffic counts, exceeding 8,836 vehicles per day on Chicago Avenue and an additional 16,373 vehicles per day at the nearby lighted intersection of Chicago and Central Avenues. On-site parking is available, and pylon signage enhances visibility. The property is located in a thriving area with a strong demographic profile, including over 162,486 residents within a 2-mile radius and an average household income of $87,200. The area is further supported by the presence of numerous national retailers such as McDonald's, Subway, Dunkin', Walmart, Menards, Ace Hardware, and Planet Fitness. This hard-corner location offers a compelling investment opportunity with significant potential for long-term growth and return. The property is a freestanding, single-story building. Cook County location.

Highlights

  • 11,650 SF single-tenant retail building.
  • Located at 5518 W Chicago Ave, Chicago, IL, Cook County.
  • Leased to Dollar General (S&P: BBB) on a 10-year net lease with four 5-year options and 10% rental increases every 5 years.
  • Built in 1975 on a 0.58-acre lot.
  • Excellent visibility on Chicago Ave, a major retail thoroughfare with high traffic counts.
  • Strong surrounding demographics with over 162,486 residents and an average household income of $87,200 within a 2-mile radius.

Property Details for 5518 Chicago Ave

Property type
Retail properties, Retail space
RSF (Rentable sq. ft)
11,650 SF
Year Built
1975
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
12 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8951083
Longitude
-87.7645682
5518 Chicago Ave, Chicago, Illinois

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Contacts

Aaron Zell
Aaron Zell
Chad Firsel
Chad Firsel
Visit Broker Website

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5518 Chicago Ave, Chicago, Illinois, 60651

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

5518 Chicago Ave
  • Aaron Zell
    Aaron Zell
  • Chad Firsel
    Chad Firsel
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