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4948 W Madison St 12,100 SF Retail Building Chicago, IL 60644 $1,719,940 CAD ($142.14 CAD/SF) 25% Cap Rate

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Executive Summary

Fantastic Business Opportunity: Established Dry-Cleaning Business with Free-Standing Building. Take advantage of this rare opportunity to own a thriving, long-established dry-cleaning business situated on a high-visibility corner in West Chicago with strong foot traffic. Building Size: 12,100 SF, Land Size: 22,004 SF, Parking: 25-car private lot. The sale includes the business, all trade fixtures, and equipment, offering a true turnkey investment. The property has been recently enhanced with new front and exterior painting, adding to its strong curb appeal. Established in 1947, this highly profitable business has been owner-operated for over 16 years and enjoys a loyal customer base and solid reputation in the community. Don't miss this exceptional income-generating opportunity!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
12,100 SF
Building Class
C
Year Built/Renovated
1955/2000
Price
$1,719,940 CAD
Price Per SF
$142.14 CAD
Cap Rate
25%
NOI
$429,985 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
C-1 - District for neighborhood commercial areas that are intended to serve the needs of nearby residents

Amenities

  • Corner Lot
  • Fenced Lot
  • Storage Space
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

StorageMart
The YMCA

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 16-09-427-020-0000
  • 16-09-427-023-0000
  • 16-09-427-022-0000
  • 16-09-427-024-0000
  • 16-09-427-021-0000
Land Assessment
$97,055 CAD
Improvements Assessment
$182,047 CAD
Total Assessment
$279,101 CAD
  • Listing ID: 39543396

  • Date on Market: 2026-02-23

  • Last Updated:

  • Address: 4948 W Madison St, Chicago, IL 60644

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