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5600-5612 W Division St 7,500 SF 100% Leased Retail Building Chicago, IL 60651 $779,900 ($103.99/SF) 10.05% Cap Rate
EXECUTIVE SUMMARY
Excellent Income Producing Commercial brick 5 store fronts on busy corner of Division & Central. fully leased with long-term tenants, established businesses for many years, some been there for 16-10 years. tenants are responsible for interior maintenance,building is well maintained, new tuck pointing, annual maintenance on the roof. heat & electric. Landlord only responsible for water, taxes & exterior maintenance. 12 parking spaces in the back of the building, fenced parking lot, few parking spaces in the front. this property has two PIN numbers, two addresses 5600-5612 W Division & 1206 North Central. Easy to manage set back & collect rent, HIGH CAP RATE SOUND INVESTMENT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,500 SF
Building Class
C
Year Built
1913
Price
$779,900
Price Per SF
$103.99
Cap Rate
10.05%
NOI
$78,366
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.28 AC
Zoning
B3-2, Chicago - Retail B3-2
Parking
4 Spaces (0.53 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $131,528 | |
| Land Assessment | $39,972 | Total Assessment | $171,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$39,972
Improvements Assessment
$131,528
Total Assessment
$171,500
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5600-5612 W Division St
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