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5140-5144 W Madison St 2,400 SF 65% Leased Retail Building Chicago, IL 60644 $333,000 ($138.75/SF) 11.82% Cap Rate
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$58,560
|
$24.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,560
|
$24.40
|
| Taxes |
$9,000
|
$3.75
|
| Operating Expenses |
$3,700
|
$1.54
|
| Total Expenses |
$12,700
|
$5.29
|
| Net Operating Income |
$45,860
|
$19.11
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $58,560 |
| Annual Per SF | $24.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,560 |
| Annual Per SF | $24.40 |
| Taxes | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $3.75 |
| Operating Expenses | |
|---|---|
| Annual | $3,700 |
| Annual Per SF | $1.54 |
| Total Expenses | |
|---|---|
| Annual | $12,700 |
| Annual Per SF | $5.29 |
| Net Operating Income | |
|---|---|
| Annual | $45,860 |
| Annual Per SF | $19.11 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1916
Price
$333,000
Price Per SF
$138.75
Cap Rate
11.82%
NOI
$39,360
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B3-2; Chicago - Community Shopping District
Parking
2 Spaces (0.83 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
A shell retail space equipped with air conditioning, central heating, high ceilings, and private restrooms. Previously a Boost Mobile.
| Space | Size | Space Use | Position | Available |
| 5144 | 850 SF | Retail | In-Line | Now |
5144
| Size |
| 850 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5144
| Size | 850 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
A shell retail space equipped with air conditioning, central heating, high ceilings, and private restrooms. Previously a Boost Mobile.
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-09-425-026-0000 | Total Assessment | $63,500 |
| Land Assessment | $13,000 | Annual Taxes | $9,000 ($3.75/SF) |
| Improvements Assessment | $50,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
16-09-425-026-0000
Land Assessment
$13,000
Improvements Assessment
$50,500
Total Assessment
$63,500
Annual Taxes
$9,000 ($3.75/SF)
Tax Year
2024
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Presented by
ARCAS Development LLC
5140-5144 W Madison St
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