5301 Harlem Ave Chicago, IL 60656
- Retail space
- 900 SF
- 0.07 lot acres
Current Use by Public Records
- JC Licht Benjamin Moore Paint & Decor Store Harlem Avenue / Paint Store / Hardware Store
- Dentist / Dentist
Property Details for 5301 Harlem Ave
- Year built
- 1966
- Lot size
- 0.07 lot acres
- Property size
- 900 SF
- Property type
- Retail space
- APN
- 13-07-122-008
- APU
- 1307122008
Description
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.
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
- -87.8067
- Latitude
- 41.9772
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
