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5501 S Harlem Ave
Chicago, IL 60638
ALDI (Ground Lease) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
18,897 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.61 AC
Zoning
C1-1
Frontage
180’ on HARLEM AVE

ABOUT 5501 S HARLEM AVE , CHICAGO, IL 60638

The Aldi property is located at the hard corner of a heavily trafficked signalized intersection with excellent visibility and access to both Harlem and Archer Avenue. The combined traffic count at the intersection exceed 75,000 vehicles per days. The property is also located with immediate access to Interstate 55 (144,400 VPD) and with close proximity to Chicago Midway International Airport. Retailers in the trade corridor include Walgreens, Portillo’s, McDonald’s, Bank of America and Jewel-Osco. The Aldi grocery store is also near John F. Kennedy High School (1,623 students) which drives regular traffic to the trade corridor. Additionally, the property is just north of Toyota Park which is home of the Chicago Fire (MLS), Chicago Red Stars (NWSL) and Chicago Bliss (LFL). The Aldi property is located in a dense infill location with high barriers to entry. The property required a multi-parcel assembly as part of the original development. There are 19,764 people living within one mile of the property and have an average household income of $84,740. Additionally, there are over 475,000 people living within five miles of the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-18-100-043-0000
Land Assessment
$102,851
Improvements Assessment
$363,660
Total Assessment
$466,511
  • Listing ID: 13501858

  • Date on Market: 8/15/2018

  • Last Updated:

  • Address: 5501 S Harlem Ave, Chicago, IL 60638

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