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5301 Harlem Ave Chicago, IL 60656

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For Sale
Contact for pricing

Chicago storefront, 6.04% cap rate.

Property size:
3,234 SF

Property Features for 5301 Harlem Ave

General Information

Property type
Individual retail properties
Square Feet
3,234 SF

Building Details

Year Built
1963
Stories
1

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Listing Contact
Scott Whisler
Scott Whisler

Listing Agency: Brian Properties, Inc. Listing Agent: Scott Whisler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional Chicago retail investment presents a compelling opportunity. The 3,234 square foot storefront, located at 5301-5305 N. Harlem Ave., Chicago, IL 60656, is fully occupied by JC Licht under a NNN lease with a corporate guarantee. The lease commenced May 1, 2019, and has a remaining term of approximately 4.4 years, expiring March 31, 2029. The property boasts a strong 6.04% cap rate, generating a net operating income (NOI) of $72,526. Built in 1963, this single-story building sits on a 3,284 square foot lot and includes 5 parking spaces. The asking price is $1,200,000, translating to a price per square foot of $371.06. The property is zoned for commercial use (zoning 1) and benefits from high visibility and accessibility due to its prime location. This investment offers immediate income and strong potential for future growth in the thriving Chicago market. The property's location provides easy access to major transportation routes and public transit. This is a core investment opportunity with 100% occupancy since May 1, 2019. The Cook County property (APN: 13071220080000) presents a rare chance to acquire a stable, high-performing retail asset.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

JC Licht Benjamin ... Hardware & Home Improvement Dentist Dental Office

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.807031527986
Latitude
41.97725290861

FAQs

What type of property is this?
Individual retail property - Chicago storefront, 6.04% cap rate.
Where is this individual retail property located?
The property is located at 5301 Harlem Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,234 SF retail building.; Excellent Chicago location.; Fully occupied, providing immediate cash flow.
(847) 727-4287 Call to check price and availability
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