5501 N Ashland Ave | Chicago, IL 60640
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- LoopNet Team
5501 N Ashland Ave
Chicago, IL 60640
Fifth Third Bank · Retail Property For Sale
Investment Highlights
- Investment-grade credit rating by S&P of “A-“ – Fifth Third Bank is one of the largest money managers in the Midwest with $207 billion in assets
- Strong Retail Synergy – Outparcel to a Jewel-Osco & surrounded by some of the nation’s largest retailers (Walgreens, McDonald’s, Dunkin’, T-Mobile
- Excellent Visibility – This bank is located on a signalize hard corner on the intersection of N Ashland Avenue and W Catalpa Ave.
- Drive-Thru Equipped – This banking center comes fully-equipped with a drive-thru, increasing efficiency and generating higher revenue than traditional
- 12.50% Rent Increase in the option periods – Providing investors with a hedge against inflation should Fifth Third decide to renew.
- Chicago is the third most populated city in the United States and listed as one of the top ten Global Financial Centres in the World.
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
4,434 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.43 AC
Zoning
C1-2
Parking
13 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
108’ on N Ashland
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 14-08-100-016-0000 | Improvements Assessment | $110,875 |
| Land Assessment | $234,588 | Total Assessment | $345,463 |
Property Taxes
Parcel Number
14-08-100-016-0000
Land Assessment
$234,588
Improvements Assessment
$110,875
Total Assessment
$345,463
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