Fully Occupied Retail
For Sale
Contact for pricing
5301 N Harlem Ave, Chicago, IL 60656
Fully occupied retail building in Chicago with high visibility, strong curb appeal, and easy customer access.
Property Size3,234 SF
Price / SF$338.59
Days on Market731
Property Features for 5301 N Harlem Ave
General Information
Standard status
Active
Size
3,234 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Buildings
1
Listing Agency:
Brian Properties, Inc.
(847) 727-4287
Listed By:
Scott A. Whisler, CCIM
(847) 727-4287
Source:
Moodyscre
Added: Aug 1, 2024
Changed: Jul 29
Last Checked: Aug 1 at 5:28AM
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 Brian Properties, Inc.
Investment Insights
Based on property information with market context.
This fully occupied retail building offers 3,234 SF of space suitable for retail operations. The property is described as well-maintained, with strong curb appeal and features intended to support customer convenience through visibility and accessibility.
Located in the Chicago market at 5301 N Harlem Ave, the building benefits from proximity to major transportation routes and public transit, supporting ongoing customer access.
With its current tenant occupancy and retail-focused configuration, the property presents a straightforward option for buyers seeking an income-producing retail asset.
Located in the Chicago market at 5301 N Harlem Ave, the building benefits from proximity to major transportation routes and public transit, supporting ongoing customer access.
With its current tenant occupancy and retail-focused configuration, the property presents a straightforward option for buyers seeking an income-producing retail asset.
Key Highlights
- Fully occupied retail building, providing immediate income for the investor
- 3,234 SF building with space designed for retail operations
- Well‑maintained property with strong curb appeal
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 | $69.9k | $21.60 |
| − Vacancy | −$5.9k | −$1.84 |
| EGI | $63.9k | $19.76 |
| − OpEx | −$19.2k | −$5.93 |
| NOI | $44.7k | $13.83 |
3,234 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,738 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
259k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 30%
Groceries 23%
Home Improvements & Furnishings 2%
Jewel-Osco
Groceries
53,010 visits/mo
0.3 miles
McDonald's
Dining
35,329 visits/mo
0.4 miles
Starbucks
Dining
23,759 visits/mo
0.4 miles
Wendy's
Dining
21,640 visits/mo
0.2 miles
Dollar Tree
Shops & Services
21,611 visits/mo
0.2 miles
Demographics for 60656, IL
28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied retail building in Chicago with high visibility, strong curb appeal, and easy customer access.
Where is this retail space located?
The property is located at 5301 N Harlem Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Fully occupied retail building, providing immediate income for the investor; 3,234 SF building with space designed for retail operations; Well‑maintained property with strong curb appeal
