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Retail Center 5159 W Diversey Ave 7,600 SF 100% Leased Retail Building Chicago, IL 60639 $1,199,000 ($157.76/SF) 8.13% Cap Rate
Executive Summary
• Major intersection of Diversey Ave. at Larmie Ave., traffic light intersection.
• Strong street presence and visibility 5-leased retail stores.
• Heavily traffic and pedestrian count at strong business/commercial corridor.
• Corner site across from the Walgreens and Currency exchange store.
• Approximately, 7,500 Sq. ft. building.
• 4-Tandem parking spaces in the rear of the building.
• Well populated business corridor and dens populated residential district.
• Current real estate taxes are approximately $28,858.
• Pin Number: 3-pin numbers.
• Year Built 1943.
• Leases with rent escalation.
• Strong street presence and visibility 5-leased retail stores.
• Heavily traffic and pedestrian count at strong business/commercial corridor.
• Corner site across from the Walgreens and Currency exchange store.
• Approximately, 7,500 Sq. ft. building.
• 4-Tandem parking spaces in the rear of the building.
• Well populated business corridor and dens populated residential district.
• Current real estate taxes are approximately $28,858.
• Pin Number: 3-pin numbers.
• Year Built 1943.
• Leases with rent escalation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,600 SF
Building Class
C
Year Built
1943
Price
$1,199,000
Price Per SF
$157.76
Cap Rate
8.13%
NOI
$97,437
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.17 AC
Zoning
B1-1 - Neighborhood Shopping district
Frontage
67’ on West Diversey Avenue
Amenities
- Bus Line
- Signage
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-28-400-001-0000 | Improvements Assessment | $47,253 |
| Land Assessment | $20,488 | Total Assessment | $67,741 |
Property Taxes
Parcel Number
13-28-400-001-0000
Land Assessment
$20,488
Improvements Assessment
$47,253
Total Assessment
$67,741
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Retail Center | 5159 W Diversey Ave
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