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    OFF-MARKET
    Retail properties & Spaces

    5911 Clark St, Chicago, IL 60660

    49,147 SF Built 1915
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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