Chicago Retail Property For
5501 S Kedzie Ave Chicago, IL
5501 S Kedzie Ave, Chicago, IL, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property available for purchase in Chicago, Illinois.
Property Size12,512 SF
Lot Size1.21 Acres
Price / SF$475.54
Days on Market507
Property Features for 5501 S Kedzie Ave
General Information
- Standard status
- Active
- Size
- 12,512 SF
- Lot size
- 1.21 Acres
- Property subtype
- RETAIL
Listing Agency
Marcus & Millichap | Chicago Downtown
(213) 503-1757
Listed by
Mitchell Kiven · License #(S):IL:475.164486
(213) 503-1757
Source
Moodyscre
Added: Feb 28, 2025 Checked: Jul 19 at 5:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Chicago Downtown
Investment Insights
Based on property information with market context.
A retail property is available for sale in Chicago, Illinois. The building has a total area of 12,512 square feet.
Key Highlights
- Retail property available for purchase.
- Located in Chicago, Illinois.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.3k | $21.60 |
| − Vacancy | −$23.0k | −$1.84 |
| EGI | $247.3k | $19.76 |
| − OpEx | −$74.2k | −$5.93 |
| NOI | $173.1k | $13.83 |
12,512 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.89M
NOI $173,101 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,956 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Northside College Prep
High School
JCC Chicago - Apachi ...
Family Recreation Center
Northside Aquatics
Swimming Pool
Ali NCP HS
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail property available for purchase in Chicago, Illinois.
Where is this retail property located?
The property is located at 5501 S Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Retail property available for purchase.; Located in Chicago, Illinois.
