Property profile

5911 Clark St Chicago, IL 60660

OFF-MARKET
Retail properties & Spaces
49,147 SF Built 1915
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Property summary

AI-generated overview

This 3,066 square foot retail space is located in Chicago's Edgewater neighborhood at the hard corner of Clark and Ridge Streets, within the Mabel Exchange building. Originally built in 1915 and completely renovated in 2021, this single-tenant storefront boasts a new roof, tuckpointing, updated electrical service (1800 amp), new storefront windows and doors, and a new water service. The space features high ceilings (12 feet) and large storefront windows, providing abundant natural light. The building is a three-story mixed-use property with 52 renovated apartment units above the retail space. The property sits on a 26,326 square foot lot and is part of a larger 49,147 square foot building. It benefits from excellent visibility with 43,100 vehicles passing daily (28,100 on Ridge and 15,000 on Clark). Convenient access to public transportation is provided by the nearby Thorndale Red Line CTA stop (0.5 miles), bus routes (#84 and #22), Divvy bike sharing, and protected bike lanes. A new Metra station is under construction just 0.3 miles away. The property is zoned C1-2 and includes 26 parking spaces. A tenant improvement allowance is available for qualified deals. The surrounding area offers numerous cafes, coffee shops, retailers, and restaurants, adding to the property's appeal within the desirable Andersonville neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1915
Total area 49,147 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5911 Clark St Chicago, IL 60660
Chicago metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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