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Property profile & analytics
FOR LEASE
Retail space
5415 N Sheridan Rd, Chicago, IL 60640
Entity Owned
8-yr Hold
Property ID
US28-0139942
For Lease
1 / 2
$16 SF/Yr
5415 N Sheridan Rd, Chicago, IL 60640
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Property summary
AI-generated overview
Exceptional retail/office space for lease with parking onsite in Edgewater. Approx. 5,000 SF. Positioned in prominent single-story mini-mall adjacent to Park Tower high-rise building (with 744 units, 24-hour security and robust amenities). The location is anchored by Lettuce Entertain You. Ideal for professional office, law, accounting firm, medical office, insurance agency, showroom or storage solutions. Current layout includes counter service, checkout area, storage rooms, cooler rooms, kitchen, and large open retail area. Garage parking is available for lease. Convenient location with express bus at your door and Berywn Ave Red Line within walking distance. .. Direct access to LSD, beaches and 18 mile lakefront trail. Steps to shopping and dining of Edgewater, Bryn Mawr and Andersonville. Mariano's is a short walk away.
Property profile
Verified
Property type
Retail space
Year built
1973
UPID
US28-0139942
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
Current use
Occupant on record · Public records
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World Yoga Gym & Fitness Center
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Cybosys Marketing & Advertising (Bike/Boat/Book/etc) Store
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Alternative Mobile Massage Alternative Medicine Practice Spa & Massage Center
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Alan J. Ward, PhD Physician Medical Clinic
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FAN eLearning (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bn Owner Financing INC · 8 yrs held
Bn Owner Financing INC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Status
For Lease
Year built
1973
UPID
US28-0139942
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Current owner
From public records · entity-resolved
Bn Owner Financing INC
Entity
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2017
$267,000
Bn Owner Financing INC
Chicago Title Land Trust Co
Deed
related
$200,000 · Parkway Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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