Andersonville Retail Building For
5228 N Clark St, Chicago, IL 60640
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Stabilized retail building in Chicago's Andersonville neighborhood.
Type:Retail
Property size:
13,853 SFLot size:
0.15 AcresPrice / SF:
$289/SF- Added:
- Feb 23, 2026
- Days on Market:
- 88
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 5228 N Clark St
General Information
- Standard status
- Active
- Size
- 13,853 SF
- Lot size
- 0.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1909
Listing agent Mitchell Kiven License #IL 475.164486
Listing office Marcus & Millichap - Chicago Downtown (312) 327-5422
Listing date Feb 23, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
HighLights
- Prime location in the heart of Chicago's Andersonville neighborhood.
- Highly stabilized rent roll with a weighted average lease term of just under seven years.
- Significant near- and medium‑term income growth built into the lease structures.
- Prominent building with 45 feet of frontage on Clark Street and eye‑catching signage.
- Tenants reimburse for real estate taxes.
- Located on a double lot (6,534 square feet) at a 3‑way controlled intersection with high population density and strong demographics.
Overview
Located in the heart of Chicago’s Andersonville neighborhood, 5228 N Clark Street is a retail building with 45 feet of frontage. The property features a white tile façade with internally illuminated channel signage. The rent roll is 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, just extended for 5 years with 2.5% annual increases. Both tenants reimburse for real estate taxes, and 2nd Street operates on a fully NNN lease in which they also reimburse for 70% of all operating expenses. The property occupies a little over a standard Chicago double lot, straddling 6,534 square feet of land. The property is positioned at the 3-way controlled intersection where Farragut dead ends into Clark Street. The area has nearly 75,000 people living within one mile of this property. The building is located within a top-tier Chicago trade area, with income growth built into the lease structures.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6687731
- Latitude
- 41.9771058
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Stabilized retail building in Chicago's Andersonville neighborhood.
Where is this storefront property located?
The property is located at 5228 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $4,010,000.
What are key features of this property?
This property features: Prime location in the heart of Chicago's Andersonville neighborhood.; Highly stabilized rent roll with a weighted average lease term of just under seven years.; Significant near- and medium‑term income growth built into the lease structures.
