Listing Agency: STREAM Capital Partners Show Phone

Listed By: Graham Gold · License #475164964 Show Phone

Source: Moodyscre

Added: Nov 11, 2025 Changed: Oct 25 Last Checked: Oct 30 at 6:06PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This retail property is situated in a high-traffic corridor on Pulaski Road, which experiences 34,440 vehicles per day throughout the City of Chicago, offering strong traffic counts and visibility. The location is near other retailers, including Jewel-Osco, McDonald’s, Chipotle, and Walgreens. The property is located near Chicago’s Midway International Airport, which served approximately 21 million passengers in 2024. The site is one block from the CTA “L” Pulaski station, which saw total entries of 942,000 riders in 2024. It is located 1.5 miles from Interstate 55, a major route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day. The property is planned to be renovated to ensure it is in excellent condition. The surrounding area has over 300,000 residents within a 3-mile radius.

Key Highlights

• High CTA ridership: Just a block from the 'L' Pulaski station, with significant entries.
• High traffic retail corridor: Located on Pulaski Rd. with strong visibility and nearby retailers.
• Dense Chicago demographics: Benefits from a large residential base in the surrounding area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$122,839

Cap Rate

4.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,456,780 $2.5M

Cap Rate 7%

$1,754,843 $1.8M

Cap Rate 9%

$1,364,878 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,600 SF

Gross rent

$174.2K $26.40/SF

− Vacancy

−$10.5K −$1.58/SF

EGI

$163.8K $24.82/SF

− OpEx

−$40.9K −$6.20/SF

NOI

$122.8K $18.61/SF

Area

Chicago, IL

Vacancy

6.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,456,780

Cap Rate 7%

$1,754,843

Cap Rate 9%

$1,364,878

Alternative Uses

Best Use

Specialty Retail

$1.75M

$1.54M – $2.05M (±1% cap)

NOI $122,839 @ 7.0% cap · market cap 4.02%

Second Best

Retail

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,310 @ 7.0% cap · market cap 2.99%

Theoretical Best

Office A

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,832 @ 7.0% cap · market cap 7.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bank of America ATM ... Atm

Suggested Use

Top Pick Building Supply Law Firm Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,007

Businesses Nearby

122k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 84% Shops & Services 12% Electronics 4%

McDonald's Dining

43,686 visits/mo 0.1 miles

Dunkin' Donuts Dining

16,096 visits/mo 0.2 miles

Burger King Dining

15,587 visits/mo 0.2 miles

Shell Shops & Services

13,053 visits/mo 0.3 miles

Chipotle Mexican Grill Dining

12,276 visits/mo 0.0 miles

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Retail property in high-traffic Chicago location near transportation.

Where is this bank located?

The property is located at 5231 S Pulaski Rd Chicago, IL.

What is the asking price?

The asking price for this property is $3,054,000.

What are key features of this property?

This property features: High CTA ridership: Just a block from the 'L' Pulaski station, with significant entries.; High traffic retail corridor: Located on Pulaski Rd. with strong visibility and nearby retailers.; Dense Chicago demographics: Benefits from a large residential base in the surrounding area.