Property profile & analytics
4751 Central Ave Chicago, IL 60638-1557
- Retail space
- 0.07 lot acres
OFF-MARKET
Last Sale
Nov 08, 2022
Nov 08, 2022
$1,300,000
Value Estimations
$1,355,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-2123109
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Dynamicx Enterprises, Inc. / Construction Company
- Illinois Expeditors / Freight Service / Logistics Company
- Starbucks / Cafe & Coffee Shop
- ABN Care Home Health LLC / Home Health Care Service
- Central Healthcare, Inc / Home Health Care Service
Property Details for 4751 Central Ave
- Year built
- 1989
- Lot size
- 0.07 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 19-09-100-013
- APU
- 1909100013
Description
This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks with a drive-thru, located at 4751 S Central Ave, Chicago, IL 60638. The 2,231 square foot property sits on a 0.55-acre lot and boasts a strong 5.65% cap rate, generating a net operating income (NOI) of $220,500. The property benefits from a 15-year NNN lease with a corporate guarantee from Starbucks, a Fortune 500 company with an S&P investment grade credit rating of BBB+. The lease includes rent bumps of 10% every five years, ensuring consistent income growth. This strategically positioned property enjoys high visibility and accessibility, situated along a major traffic corridor with over 31,000 vehicles daily and immediate access to Interstate-55. The location benefits from a dense and affluent population, with over 647,000 people residing within a 5-mile radius and an average household income exceeding $80,000 within a 1-mile radius. The property's proximity to downtown Chicago, numerous industrial and distribution centers, and Midway International Airport further enhances its investment appeal. The asking price is $3,902,655. The lease expires June 30, 2039, offering a substantial remaining term of 14.6 years. This Class A property represents a secure and lucrative investment in a prime Chicago location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,400,000
- ML approach
- $1,415,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7623
- Latitude
- 41.8058
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,348
$8,525
$41,789
$50,314
-
$34,100
$167,156
$201,256
