5215 Chicago AveChicago, IL 60651

Property Details for 5215 Chicago Ave

Year built

2006

Lot size

0.18 AC

Property type

Retail space

APN

16-09-106-001

APU

1609106001

Description

This exceptional retail property, located at 5215 W Chicago Ave in Chicago, IL 60651, presents a unique investment opportunity. Built in 2008, the single-tenant building boasts a total of 907 square feet situated on a 0.34-acre lot. The property is zoned B3-1 within Cook County and offers immediate access to a high volume of foot and vehicle traffic. Its strategic location within a central business district ensures excellent visibility and accessibility. The property is adjacent to a Dunkin' Donuts and is surrounded by a variety of national and regional retailers, including existing tenants such as Subway, Captain Hooks, and a liquor and grocery store. While the building currently has 2,000 square feet vacant, the total building size is 907 square feet. This presents a chance to establish a thriving business in a densely populated area with strong existing commercial activity. The property's modern construction and prime location make it an ideal choice for a variety of retail ventures. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,502,342

  6.5%

  $3,232,931

  7%

  $3,002,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,597,940

  Geo Method

  $2,597,940

• Alternative Use

  Use

  Valuation

  Residential

  $2,727,098

  Hospitality

  $2,498,008

  Educational

  $2,078,313

  Medical

  $2,149,789

  Retail

  $3,232,931

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8948

Longitude

-87.7564

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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