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29045163
29045157

5215-5233 n milwaukee, Chicago, IL 60630

SG
IL 471.003226
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate
$2,400,000
320 days on market
Updated 16 days ago

5215 North Milwaukee Avenue

Details
Property Type Retail
Sub Type Auto Shop, Strip Center
Square Footage 8,870
Net Rentable (SqFt) 8,870
Units 2
Cap Rate 6.60%
NOI $155,268
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Lease Options Multiple extension options
Buildings 1
Lot Size (SqFt) 22,697
Parking Spaces 23 spaces
Parking Per SqFt 2.59
Investment Type Net Lease

Prime corner retail investment with long term Firestone Auto care anchoring the property

Marketing description

Introducing an unprecedented opportunity—the first time to market in 25 years! This 8,870 RSF retail strip center commands an unparalleled location with exceptional demographics and visibility. Boasting 100% occupancy, the property is anchored by a long-term lease with Firestone Corporation, a staple in the community for over 25 years. The building offers tremendous signage and visibility, with parking for 23 cars, and is strategically situated at a busy stoplight corner opposite Walgreens. Firestone's lease includes 6,827 RSF with 10 service bays and a small office, extending through 12-1-2029 with multiple extension options. Additionally, Jurassa Kabab occupies 2,043 RSF with a lease through 7-31-2029 and extension options, making this an unmissable investment opportunity.

Discover the vibrant surroundings of the property on North Milwaukee Avenue, Chicago, IL, 60630. Situated in a prime location, this area offers easy access to a dynamic mix of amenities and attractions. Just minutes away, you'll find the iconic Six Corners shopping district, a bustling hub of retail, dining, and entertainment. Additionally, the neighborhood is dotted with charming cafes, diverse restaurants, and green spaces, providing plenty of options for relaxation and rejuvenation. With a rich cultural scene and convenient transportation links, the area is an ideal choice for office building investment, offering a distinctive blend of urban energy and community charm.

Investment highlights

  • 8,870 SF retail strip center
  • 100% occupancy
  • Prime Chicago location
  • Exceptional visibility
  • Strong demographics
  • Anchored by long-term Firestone lease
  • Tremendous signage
  • Parking for 23 cars

Listing Contacts

SG
IL 471.003226
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$155,267.56
$12,938.96/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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Additional Information

Name
Steven Goldstein
License
471.003226
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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