University of Illinois Chicago-Anchored | 5225-5253 W Madison St
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University of Illinois Chicago-Anchored 5225-5253 W Madison St
20,034 SF 95% Leased Retail Building Chicago, IL 60644 £2,590,470 (£129/SF) 9.25% Net Initial Yield
Investment Highlights
- Anchored By UIC Outreach Center
- Beautifully Maintained Center
- Just North Of Highway I-290
- Immediate Proximity To Transit
Executive Summary
Brookline Real Estate, LLC. is proud to present a rare opportunity to acquire a multi-tenant retail investment property positioned in a strong transit oriented location in the city of Chicago.
5225 W Madison Street contains 20,034 square feet across two buildings and is situated on approximately 0.90 acres. Near the lighted intersection of Madison Street and Laramie Avenue just north of I-290, the center benefits greatly from its position across from Walgreens among several other retailers on one of the city's main thoroughfares.
The center is fully occupied by many internet-resistant tenants on long-term leases. Recently anchoring the center, University of Illinois Chicago Outreach Center has just signed a long-term lease at the two-story endcap east building. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property.
The brick construction building has been beautifully maintained and offers its visitors 54 parking spots in a secure and well-kept rear lot. Madison Street provides street parking and bike lanes as well.
This asset is being offered at a 9.25% CAP with tremendous cash flow and continued growth.
5225 W Madison Street contains 20,034 square feet across two buildings and is situated on approximately 0.90 acres. Near the lighted intersection of Madison Street and Laramie Avenue just north of I-290, the center benefits greatly from its position across from Walgreens among several other retailers on one of the city's main thoroughfares.
The center is fully occupied by many internet-resistant tenants on long-term leases. Recently anchoring the center, University of Illinois Chicago Outreach Center has just signed a long-term lease at the two-story endcap east building. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property.
The brick construction building has been beautifully maintained and offers its visitors 54 parking spots in a secure and well-kept rear lot. Madison Street provides street parking and bike lanes as well.
This asset is being offered at a 9.25% CAP with tremendous cash flow and continued growth.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,034 SF
Building Class
B
Year Built
2005
Price
£2,590,470
Price Per SF
£129
Net Initial Yield
9.25%
NOI
£239,726
Percent Leased
95%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.51
Land Acres
0.90 AC
Zoning
C2-2
Parking
56 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
96 ft on W Madison St
Amenities
- Bus Route
- Fenced Lot
- Security System
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,090 square-foot inline unit available for new user
| Space | Size | Space Use | Position | Available |
| 5245 | 1,090 SF | Retail | In-Line | Now |
5245
| Size |
| 1,090 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5245
| Size | 1,090 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,090 square-foot inline unit available for new user
Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 16-16-102-029-0000 | Improvements Assessment | £121,343 |
| Land Assessment | £49,749 | Total Assessment | £171,092 |
PROPERTY TAXES
Parcel Number
16-16-102-029-0000
Land Assessment
£49,749
Improvements Assessment
£121,343
Total Assessment
£171,092
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Dominick Cannata -
William Lundy -
Brookline Real Estate
(630) 590-5910
x113
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University of Illinois Chicago-Anchored | 5225-5253 W Madison St
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