6043 Addison St Chicago, IL 60634
- Retail properties
- 4,500 SF
- 0.81 lot acres
Current Use by Public Records
- Lekki Lounge / Lounge
- New Wash U Coin Laundry / Laundromat / Laundry
- New Wave Laundromatic Cleaners / Laundromat
- New Waves Coin Laundry / Laundromat
- Los Altos De La Sierra / Latin American Restaurant / Guatemalan Restaurant
Property Details for 6043 Addison St
- Year built
- 1998
- Lot size
- 0.81 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
Description
Profitable Chicago laundromat for sale, boasting a 13.50% cap rate and a substantial NOI of $205,883. This single-tenant, 4,500 square foot retail property, situated on a 0.81-acre lot in a prime Cook County location, offers a secure investment opportunity with a remaining lease term of 2.4 years. The property includes 12 parking spaces and benefits from high visibility and convenient access. Built in 1998, this Class B, single-story building is zoned B3-1 and features 100% occupancy since its April 1, 2022 opening. The asking price is $1,525,000. This owner-user investment in a strip mall setting presents a compelling opportunity for a savvy investor seeking strong returns. The property's consistent performance and strong customer base, combined with its strategic location in a rapidly developing neighborhood, make it an attractive investment prospect. Ample parking provides a competitive advantage over nearby laundromats. The potential for revenue growth through additional services and targeted marketing further enhances the investment's long-term value. This is a rare opportunity to acquire a well-established, high-performing laundromat in a desirable Chicago location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7784
- Latitude
- 41.9457
