5225 Madison StChicago, IL 60644

Property Details for 5225 Madison St

Year built

2004

Lot size

0.45 AC

Property type

Retail space

Property subtype

Storefront properties

APN

16-16-102-029

APU

1616102029

Description

This exceptional commercial property at 5225 W Madison St in Chicago, IL, presents a unique investment opportunity. The property encompasses 22,634 square feet distributed across two, two-story buildings situated on a 0.90-acre lot in Cook County. Its prime location at the well-lit intersection of Madison Street and Laramie Avenue, just north of I-290, ensures high visibility and accessibility. The property benefits from its proximity to Walgreens and other retailers along this major thoroughfare. A significant advantage is the recent long-term lease signed by the University of Illinois Outreach Center, occupying a substantial portion of the east building. This diverse tenant mix, with contrasting peak hours, creates a synergistic environment. The property features 54 parking spaces in a secure rear lot, supplemented by ample street parking and bike lanes along Madison Street. The well-maintained brick buildings offer a blend of retail, restaurant, and office spaces, currently configured as creative office and coworking spaces, with additional space suitable for fast food and storefront businesses. The property is ideally suited for a variety of uses and offers significant potential for growth and return on investment. The multiple tenancy structure provides flexibility and diversification of income streams.

• CAP approach

  CAP return

  Valuation

  6%

  $8,628,639

  6.5%

  $7,964,897

  7%

  $7,395,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,400,485

  Geo Method

  $6,400,485

• Alternative Use

  Use

  Valuation

  Residential

  $6,718,688

  Hospitality

  $6,154,283

  Educational

  $5,120,291

  Medical

  $5,296,386

  Retail

  $7,964,897

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.88

Longitude

-87.7563

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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