5208 Clark StChicago, IL 60640

Property Details for 5208 Clark St

Year built

1916

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

4,106 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

14-08-122-028

APU

1408122028

Description

This exceptional 1,610 square foot retail storefront is ideally situated at 5208 N. Clark Street in Chicago's vibrant Andersonville neighborhood, specifically within the Edgewater submarket cluster. The property boasts a desirable single-tenant occupancy and features a full basement, adding significant storage or expansion potential. The main level showcases impressive 11-foot ceilings and polished concrete floors, creating a modern and versatile space. A single restroom is conveniently located on the main level. The building is zoned B1-2, allowing for a variety of uses, including but not limited to limited restaurant, retail, and office spaces. This prime location benefits from excellent foot and vehicle traffic on Clark and Foster Streets, within a thriving commercial corridor. Andersonville offers a diverse mix of local and national businesses, including restaurants, cafes, bars, antique stores, salons, and boutiques. The surrounding area boasts a population exceeding 75,000 within a one-mile radius, with a median household income of approximately $70,000. The property is available for lease commencing June 1, 2025. The Cook County Assessor's Parcel Number (APN) is 14081220280000. Please note that the current tenant should not be disturbed. This is a truly remarkable opportunity to establish a business in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,532,608

  6.5%

  $1,414,715

  7%

  $1,313,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $828,950

  Geo Method

  $828,950

• Alternative Use

  Use

  Valuation

  Residential

  $1,414,715

  Hospitality

  $1,295,871

  Educational

  $1,078,150

  Medical

  $1,115,229

  Retail

  $1,677,121

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9765

Longitude

-87.6688

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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