Single-Tenant Automotive
For Sale
Contact for pricing
5001 W MADISON ST, Chicago, IL 60644
Freestanding automotive retail building with an absolute net lease and a recently extended tenant commitment.
Property Size7,000 SF
Price / SF$322.11
Days on Market93
Property Features for 5001 W MADISON ST
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$152,196
Additional Details
Road Access
Yes
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group - Denver
Listed By:
Zach Wright · License #IL 475164965
(720) 604-2220
Source:
Crexi
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 16 at 6:46AM
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 The Boulder Group - Denver
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Investment Insights
Based on property information with market context.
This freestanding automotive retail property contains 7,000 square feet and was built in 2004. Advance Auto Parts occupies the building as the sole tenant under an absolute net lease, and the lease has been extended for 10 years. The property is zoned Commercial and provides a single-tenant configuration with limited landlord responsibilities under the stated lease structure.
Located at 5001 W Madison St in Chicago, the site has access at a signalized intersection and sits near major arterial roads. The surrounding area includes 386,491 residents within a 3-mile radius, placing the property within an established urban retail setting.
Located at 5001 W Madison St in Chicago, the site has access at a signalized intersection and sits near major arterial roads. The surrounding area includes 386,491 residents within a 3-mile radius, placing the property within an established urban retail setting.
Key Highlights
- 7,000 SF freestanding automotive retail building
- Single‑tenant Advance Auto Parts occupancy
- Absolute net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,844
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,880
$1.9M
Cap Rate 7%
$1,383,486
$1.4M
Cap Rate 9%
$1,076,044
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$151.2K $21.60/SF
− Vacancy
−$12.9K −$1.84/SF
EGI
$138.3K $19.76/SF
− OpEx
−$41.5K −$5.93/SF
NOI
$96.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,880
Cap Rate 7%
$1,383,486
Cap Rate 9%
$1,076,044
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$627.1K
$548.7K – $731.6K
NOI $43,897 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Electronics 8%
McDonald's
Dining
23,692 visits/mo
0.2 miles
BP
Shops & Services
10,560 visits/mo
0.3 miles
Mobil
Shops & Services
9,148 visits/mo
0.4 miles
AutoZone
Shops & Services
5,310 visits/mo
0.5 miles
U.S. Bank
Shops & Services
4,946 visits/mo
0.1 miles
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 5303 W Harrison St, Chicago, IL 60644
- U-Haul Neighborhood Dealer — 347 S Cicero Ave, Chicago, IL 60644
- U-Haul Neighborhood Dealer — 5351 W Madison St, Chicago, IL 60644
- U-Haul Neighborhood Dealer — 4659 W Washington Blvd, Chicago, IL 60644
- U-Haul Neighborhood Dealer — 7 N Cicero Ave, Chicago, IL 60644
Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding automotive retail building with an absolute net lease and a recently extended tenant commitment.
Where is this automotive property located?
The property is located at 5001 W MADISON ST Chicago, IL.
What is the asking price?
The asking price for this property is $2,254,755.
What are key features of this property?
This property features: 7,000 SF freestanding automotive retail building; Single‑tenant Advance Auto Parts occupancy; Absolute net lease structure
