5933-5945 W Division St

Investment Highlights

7-retail spaces with units ranging from 615 sq ft to 1462 sq ft. Fully leased High-traffic area with the bus turn around and corner buildings. 11.76% CAP rate

Executive Summary

Are you considering Commercial Real Estate for your next investment? Look no further! This prime location offers a remarkable opportunity for your investment. This meticulously renovated property is situated in the vibrant Austin Community, right at the crossroads of Division and Austin, bordering the thriving Oak Park neighborhood. Comprising a total of 7 retail spaces, these units range in size from a spacious 615 square feet to a generous 1462 square feet.This property has undergone a comprehensive revitalization, boasting brand-new facades, an updated roof (2024), individual furnaces, state-of-the-art central air conditioning systems, separate electrical systems, fresh gutters, and new water heaters. Moreover, it's important to note that this property is fully leased with long-term tenants, ensuring a steady and reliable income stream. Boost Mobile and Verizon just recently renovated (2024) showing modern upgrades and refreshed interiors demonstrating commitment to long-term investments and confidence in the future success of their businesses. Its strategic location in a high-traffic area, combined with its corner building positioning, ensures exceptional visibility and accessibility.Don't miss this opportunity to make a wise investment in one of Chicago's most dynamic neighborhoods.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Fast Food General Retail Freestanding Storefront
• Building Size    4,876
• Building Class    C
• Year Built    1914
• Price    705,000
• Price Per SF    145
• Cap Rate    12.34
• NOI    86,993
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.80
• Land Acres    0.14 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Corner Lot
• Tenant Controlled HVAC
• Storage Space
• Air Conditioning