5600 Addison StChicago, IL 60634

Property Details for 5600 Addison St

Year built

1973

Lot size

0.31 AC

Property size (Sq ft)

32,000 SF

Property type

Office buildings

APN

13-20-231-027

APU

1320231027

Description

This exceptional Chicago office property, located at 5600 W Addison St, 60634, offers 4,262 square feet of versatile space ideal for traditional office or medical office uses. Currently, the entire building is available for lease, providing a unique opportunity for a single tenant to occupy the entire space. Alternatively, the property is divisible into smaller suites, ranging from a minimum of 410 square feet to a maximum contiguous space of 1,799 square feet, catering to businesses of various sizes. The building's multiple tenancy configuration allows for flexibility in lease terms and occupancy arrangements. Situated in the vibrant city of Chicago, Illinois, this property benefits from excellent accessibility and visibility, making it an attractive location for businesses seeking a prominent presence. The address, 5600 W Addison St, provides easy access to major transportation routes and local amenities. With its adaptable layout and prime location, this property presents a compelling investment opportunity for businesses seeking a functional and well-located office space in Chicago. The building's total square footage is 4,262 square feet, currently entirely vacant and ready for immediate occupancy. This presents a rare chance to customize the space to perfectly suit your business needs. Contact us today to learn more about leasing opportunities and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $9,632,529

  6.5%

  $8,891,565

  7%

  $8,256,453

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,168,000

  Geo Method

  $4,168,000

• Alternative Use

  Use

  Valuation

  Residential

  $11,025,540

  Hospitality

  $10,099,336

  Educational

  $8,402,529

  Medical

  $8,691,505

  Retail

  $13,070,600

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9461

Longitude

-87.7671

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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