5518 Chicago AveChicago, IL 60651

Property Details for 5518 Chicago Ave

Year built

1974

Lot size

0.13 AC

Property size (Sq ft)

10,300 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-04-326-020

APU

1604326020

Description

This exceptional investment opportunity presents a 11,650-square-foot single-tenant retail building ideally situated at 5518 W Chicago Ave, Chicago, IL. The property, built in 1975, sits on a 0.58-acre lot and enjoys a prominent location on a major east-west thoroughfare, boasting excellent visibility. The building is currently leased to Dollar General under a 10-year net lease (commencing August 2015) with four 5-year options and 10% rental increases every five years. This ensures a stable and appreciating income stream. The site benefits from high traffic counts, exceeding 8,836 vehicles per day on Chicago Avenue and an additional 16,373 vehicles per day at the nearby lighted intersection of Chicago and Central Avenues. On-site parking is available, and pylon signage enhances visibility. The property is located in a thriving area with a strong demographic profile, including over 162,486 residents within a 2-mile radius and an average household income of $87,200. The area is further supported by the presence of numerous national retailers such as McDonald's, Subway, Dunkin', Walmart, Menards, Ace Hardware, and Planet Fitness. This hard-corner location offers a compelling investment opportunity with significant potential for long-term growth and return. The property is a freestanding, single-story building. Cook County location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,557,691

  6.5%

  $4,207,100

  7%

  $3,906,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,380,769

  Geo Method

  $3,380,769

• Alternative Use

  Use

  Valuation

  Residential

  $3,548,846

  Hospitality

  $3,250,724

  Educational

  $2,704,564

  Medical

  $2,797,578

  Retail

  $4,207,100

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8951

Longitude

-87.7645

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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