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512 S 5th Ave 14,550 SF 64% Leased Retail Building Maywood, IL 60153 $550,000 ($37.80/SF) 1.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on 5th Ave with High Traffic Count
- Commercial Space can be conjoined or subdivided. Apartment Mix with 2s and 1s
- Ample Parking
EXECUTIVE SUMMARY
5,200 sqft commercial ground level with nine separate spaces that can be configured as desired. Six 1 Bedroom 1 Bath and Two 2 Bedroom 1 Bathroom apartments on 2nd level. Tenants pay Heat and electric. Ample parking in rear of property for commercial tenants and apartment renters.
Commercial space has access both from street and parking area if so desired.
Upside with commercial leasing income.
Land Area 23,500sqft
Commercial space has access both from street and parking area if so desired.
Upside with commercial leasing income.
Land Area 23,500sqft
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$52,052
|
$3.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,052
|
$3.58
|
| Taxes |
$31,562
|
$2.17
|
| Operating Expenses |
$17,500
|
$1.20
|
| Total Expenses |
$49,062
|
$3.37
|
| Net Operating Income |
$2,990
|
$0.21
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $52,052 |
| Annual Per SF | $3.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,052 |
| Annual Per SF | $3.58 |
| Taxes | |
|---|---|
| Annual | $31,562 |
| Annual Per SF | $2.17 |
| Operating Expenses | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $1.20 |
| Total Expenses | |
|---|---|
| Annual | $49,062 |
| Annual Per SF | $3.37 |
| Net Operating Income | |
|---|---|
| Annual | $2,990 |
| Annual Per SF | $0.21 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
14,550 SF
Building Class
C
Year Built
1959
Price
$550,000
Price Per SF
$37.80
Cap Rate
1.09%
NOI
$6,000
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C1 - C (COMMERCIAL) 5,200 sqft on street level
R (RESIDENTIAL) (fully rented) Two (2bed 1Bath) SIX (1bed 1 bath)
Parking
20 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
80’ on 5th street
AMENITIES
- Tenant Controlled HVAC
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Space from 650sqft - 5,200 sqft
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,200 SF | Retail | - | Now |
1st Floor
| Size |
| 5,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 5,200 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Space from 650sqft - 5,200 sqft
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $62,456 | |
| Land Assessment | $20,786 | Annual Taxes | $31,562 ($2.17/SF) |
| Improvements Assessment | $41,670 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,786
Improvements Assessment
$41,670
Total Assessment
$62,456
Annual Taxes
$31,562 ($2.17/SF)
Tax Year
2024
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