

Listed by Pearson Realty Group
$499,000
5101 W. Division St.
Details
APN 16044010400000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 9,000
Net Rentable (SqFt) 9,000
Tenancy Vacant
Pro-Forma Cap Rate 11.10%
Pro-Forma NOI $72,000
Price per SqFt $72
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 1
Lot Size (SqFt) 9,272
Zoning COMMR
Investment Type Owner/User
Ownership fee simple
Sale Condition For sale by owner
Retail/Office 9,000 SF on busy Division St.
Marketing description
PRICE REDUCED! OWNERS MAY OFFER ADDITIONAL REDUCED PRICING FOR A QUALIFIED 501(C)(3). Bring your ideas to this blank canvas. This open space could be used as retail, office, shared work, etc. Located on the SW corner of Division and Leclaire Ave, with approximately 11,700 VPD passing by on Division St. (IDOT). Division St. is one of the main East-West surface streets on the north side of Chicago. 3 blocks east of the busy North-South commercial artery of Cicero Ave (26,800 VPD, and 2 blocks east of N-S Laramie Ave (16,400 VPD). also 2 blocks south of beautiful LaFollette Park in the center of the bustling North Austin neighborhood. This former dollar store has approximately 9,000 s.f. of mostly open span space. The front (north) section of this former store has approximately 3,000 s.f. of open space with very large front facing windows on Division St. This area has a drop-panel ceiling with just under 9' of ceiling height and a flat roof on top of that. The larger rear (south) section of the store has 4,430 s.f. of open space with the same panel-drop ceiling, but also has a bow truss roof hidden above the panels. This area has just over 9' of ceiling height, but this space could be opened up to dramatic effect by exposing the bow truss roof. These 2 areas are separated only by 4 support posts spaced approximately 13 - 15 ft apart from each other. There is a 3rd area in the far south area of the building separated from the other 2 areas by access doors. This area is approximately 1,100 s.f., measuring roughly 12' x 90', and houses the breaker boxes, 2 bathrooms, and storage area, with a delivery door facing N. Leclaire Ave. The owners have made over $144k of Capital Improvements in the past few years, including roof and masonry repairs.
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Listed by Pearson Realty Group
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