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5-9 W Division St 11,500 SF 100% Leased Retail Building Chicago, IL 60610 $6,782,367 ($589.77/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime irreplaceable Gold Coast location. DX-7 zoning. All spaces fully remodeled.
EXECUTIVE SUMMARY
Prime Gold Coast Real Estate. 3 net leases. Fully remodeled spaces. All tenants have 4am liquor licenses. OFFERING MEMORANDUM IN DATA ROOM IS OF BETTER QUALITY.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
11,500 SF
Building Class
B
Year Built
1974
Price
$6,782,367
Price Per SF
$589.77
Cap Rate
5.75%
NOI
$389,986
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.83
Lot Size
0.09 AC
Zoning
DX-7 - DX-7 Zoning which allows for prime future redevelopment.
Frontage
41’ on Division St
AMENITIES
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-04-407-011-0000 | Improvements Assessment | $515,050 |
| Land Assessment | $240,000 | Total Assessment | $755,050 |
PROPERTY TAXES
Parcel Number
17-04-407-011-0000
Land Assessment
$240,000
Improvements Assessment
$515,050
Total Assessment
$755,050
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
GB Realty Services LLC
5-9 W Division St
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