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18081041
18081042

5301 N Harlem Ave, Chicago, IL 60656

Brian Properties, Inc.
MM
IL 475.137201
Brian Properties, Inc.
Listed by Brian Properties, Inc.
$1,200,000
738 days on market
Updated 66 days ago

5301-5305 N. Harlem Ave.

Details
APN 13071220080000
Property Type Retail
Sub Type Storefront
Square Footage 3,234
Cap Rate 6.04%
NOI $72,526
Occupancy 100%
Tenancy Single
Brand/Tenant JC Licht
Lease Type NNN
Lease Term 9.9
Lease Expiration 03/31/2029
Remaining Term 2.8
Price per SqFt $371
Broker Co-Op Yes
Year Built 1963
Stories 1
Lot Size (SqFt) 3,284
Zoning 1
Parking Spaces 5 spaces
Parking Per SqFt 1.55
Investment Type Core
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2019
Occupancy Date 05/01/2019
Ground Lease No

Retail | 6.04% CAP | 3,234 SF

Marketing description

Explore an exceptional investment opportunity with this 3,234 SF retail building, exuding timeless appeal since its establishment in 1963. This well-maintained property, zoned 1 to accommodate various commercial uses, offers 100% occupancy with a lease from JC Licht, guaranteeing immediate returns for the discerning investor. Situated in the heart of the dynamic Chicago market, the prime location affords high visibility, easy accessibility, and prominent signage opportunities, ensuring maximum exposure for retail operations. With a robust infrastructure and proximity to major transportation routes and public transit, this property stands as a compelling investment in the thriving retail landscape. Don't miss the chance to secure a lucrative asset in this coveted market.

Investment highlights

3,234 SF building offering ample space for retail operations

Prime location within the vibrant Chicago market

Fully occupied, ensuring immediate income for the investor

Well-maintained property with strong curb appeal

High visibility and accessibility for customer convenience

Proximity to major transportation routes and public transit

Listing Contacts

Brian Properties, Inc.
MM
IL 475.137201
Brian Properties, Inc.
Listed by Brian Properties, Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,526.00
$6,043.83/mo

Valuation Metrics

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DSCR
6.04%
Cap Rate
6.04%
ROI

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