5228 N Clark St
Chicago, IL 60640
Iconic Andersonville Retail · Commerce de détail Propriété À vendre

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 5228 N Clark Street, located in the heart of Chicago’s Andersonville neighborhood. This is one of the most prominent buildings within this storied retail corridor, with 45 feet of frontage on Clark and a white tile façade featuring over-sized internally illuminated channel signage. 5228 N Clark pops out from the surrounding buildings in a way that few retail buildings can rival.
The rent roll is highly stabilized, with just under seven years of weighted average lease term. 2nd Street commenced their 10-year lease in 2024 with 3% annual increases, while Gus Giordano Dance School, who has operated here for 15 years now, just extended for 5 years with 2.5% annual increases. Both tenants reimburse for real estate taxes, but 2nd Street operates on a fully NNN lease in which they also reimburse for 70% of all operating expenses.
Straddling 6,534 square feet of land, the property actually occupies a little over a standard Chicago double lot, adding to the residual value of the real estate. The property is positioned at the 3-way controlled intersection where Farragut dead ends into Clark Street.
With nearly 75,000 people living within one mile of this property, area density is remarkable. Incomes hover around $100,000 per year. Young professionals have moved to Andersonville in significant numbers over the last decade, in large part attracted by the amenities offered by the unique retail offerings along Clark.
This is an exceptional opportunity to purchase a stabilized retail building within a top-tier Chicago trade area, with significant near- and medium term income growth built into the lease structures.