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5600-5612 W Division St 7,500 SF 100% Leased Retail Building Chicago, IL 60651 $1,084,513 CAD ($144.60 CAD/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
$1,084,513 CAD
Price Per SF
$144.60 CAD
Cap Rate
10.05%
NOI
$108,974 CAD
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
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $182,900 CAD | |
| Land Assessment | $55,584 CAD | Total Assessment | $238,484 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$55,584 CAD
Improvements Assessment
$182,900 CAD
Total Assessment
$238,484 CAD
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5600-5612 W Division St
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