1169 Madison StChicago, IL 60607

Property Details for 1169 Madison St

Year built

2005

Lot size

0.12 AC

Property type

Office properties

APN

17-17-200-027-1002

APU

17172000271002

Description

This exceptional retail opportunity is situated at the southwest corner of Meridian Road and Germann Road in the rapidly expanding Queen Creek area of Maricopa County. The property encompasses a five-acre lot and features a 12,526 square foot building currently offering three vacant retail spaces. Each space is divisible, with a minimum of 3,500 square feet and a maximum contiguous space of 5,200 square feet. The property benefits from its location within the thriving Fulton Homes – Barney Farms Master Planned Community, a residential area boasting over 1,700 homes. Queen Creek itself is experiencing significant growth, with a population increase of 138% since 2000. This strategic location also enjoys proximity to major employers, including a 1.3 million square foot Apple facility and a 3 million square foot Facebook campus. Further enhancing the area's potential is the planned development of the Phoenix-Mesa Gateway Airport, a ±400-acre project incorporating retail, office, and other commercial real estate components. This presents a unique chance to establish a business in a high-growth area with strong existing infrastructure and exciting future development prospects. The property is ideal for a variety of retail uses, offering significant potential for long-term growth and profitability. Contact us today to learn more about this prime retail investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,742,476

  6.5%

  $1,608,440

  7%

  $1,493,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,216

  Geo Method

  $706,216

• Alternative Use

  Use

  Valuation

  Residential

  $1,994,465

  Hospitality

  $1,826,919

  Educational

  $1,519,976

  Medical

  $1,572,250

  Retail

  $2,364,406

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8814

Longitude

-87.6569

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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