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Fifth Third Bank 5231 S Pulaski Rd 6,600 SF Retail Building Chicago, IL 60632 $3,169,800 ($480.27/SF) 5.30% Cap Rate
Investment Highlights
- Proximity to Major Transportation Hub: Located near Chicago’s Midway International Airport, which served approximately 21 million passengers in 2024.
- Dense Chicago Demographics: Over 300,000 residents within a 3-mile radius support long-term demand and retail stability.
- Investment Grade Credit: Fifth Third holds an investment grade credit rating of A-, providing a superior financial backing for an investor.
- Recent Retrofit: Fifth Third took the building as-is and plans to renovate the property, ensuring the property is in excellent condition.
- Absolute NNN Lease: Long term, 15 year lease with zero landlord responsibilities and 10% rent bumps every 5 years.
Executive Summary
High CTA Ridership: The site benefits from being 1 block from the CTA “L” Pulaski station, which saw total entries of 942,000 riders in 2024, making it the Orange Line’s second highest ridership location.
Excellent Highway Accessibility: Strategically located just 1.5 miles from Interstate 55, a major arterial route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day—providing exceptional regional access and high visibility for commercial traffic.
High Traffick Retail Corridor: Pulaski Rd. (34,440 VPD) runs throughout the entire City of Chicago, providing strong traffic counts and visibility to the immediate area. Other retailers include Jewel-Osco, McDonald’s, Chipotle, and Walgreens, among others.
Excellent Highway Accessibility: Strategically located just 1.5 miles from Interstate 55, a major arterial route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day—providing exceptional regional access and high visibility for commercial traffic.
High Traffick Retail Corridor: Pulaski Rd. (34,440 VPD) runs throughout the entire City of Chicago, providing strong traffic counts and visibility to the immediate area. Other retailers include Jewel-Osco, McDonald’s, Chipotle, and Walgreens, among others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
6,600 SF
Building Class
C
Year Built
1957
Price
$3,169,800
Price Per SF
$480.27
Cap Rate
5.30%
NOI
$167,970
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.14 AC
Zoning
C2-2
Parking
37 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
284’ on Pulaski Rd
Amenities
- Drive Thru
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-11-300-010-0000 | Improvements Assessment | $128,031 |
| Land Assessment | $186,469 | Total Assessment | $314,500 |
Property Taxes
Parcel Number
19-11-300-010-0000
Land Assessment
$186,469
Improvements Assessment
$128,031
Total Assessment
$314,500
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Fifth Third Bank | 5231 S Pulaski Rd
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