5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 1 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 2 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 3 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 4 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 5 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 6 5731 N LINCOLN Avenue, CHICAGO IL 60659 Photo 7
Listing Courtesy of Mega Usa Properties, Inc.

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5731 N LINCOLN Avenue - EXCELLENT VISIBILITY ON LINCOLN AVE WITH HIGH FOOT TRAFFIC CORNER. 12,000 SF RETAIL STRIP CENTER, 100% OCCUPIED WITH TENANTS PAY NET CHARGES TO LANDLORD. RENOVATED STORES BUILDING ON DOUBLE LOT WITH 7 TENANTS RENTED TO LONG ESTABLISHED RESTAURANTS,GROCERY,BAKERY,VIDEO, DENTAL OFFICE & RETAIL. ALL LONG TERM TENANTS. NUMEROUS RECENT IMPROVEMENTS. WORRY FREE INVESTMENT.

Listing information

  • MLS® ID: 09572664
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 1954
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $41,740

Features

Air Conditioning Central Air
Approximate Age 36-50 Years
Construction Concrete, Concrete Block
Contingency Flag Financing
Current Use Commercial
Electrical Service 201-600 Amps, Circuit Breakers, Separate Meters
Exterior Building Type Brick, Other
Extra Storage Spaces Available (Y/N) Yes
Fire Protection Alarm Monitored, Alarm On Site, Fire Extinguisher/s
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access Frontage Road, Interstate, Public Road
Geographic Locale Chicago North
Heat/Ventilation Central Heat/Indiv Controls, Forced Air
Information Highly Confidential, No Sign on Property, Show-Call Listing Office
Investment (Y/N) Yes
Location Central Business District, Mixed Use Area, Public Transport Avail
Misc Inside Multi-Tenant, Private Restroom/s, Storage Inside
Misc Outside Security Lighting, Security System
Other # Of Drive In Doors - 0, # Of Tenants - 7, # Of TL Docks - 0, # Of Units - 7, Approx Total Bldg Sq Ft - 12000, Expense Year - 2015, Gross Rental Income $ - 24008, Net Oper Income $ - 19158, Net Operating Income Year - 2015, Tax Year - 2015, Total Annual Exp - 48500, Total Annual Income - 240086, Total Monthly Income - 22008, Township - Jefferson, Zoning Type - Commr
Outdoor Parking 19-30 Spaces
Ownership Type Corporation
Possession Closing
Potential Use Commercial, Office and Research, Retail, Single Room Occupancy
Property Offered For Sale Only
Property Type Retail/Stores
Sale Terms Conventional
Tenant Pays Air Conditioning, Common Area Maintenance, Electric, Heat, Insurance, Janitorial, Real Property Taxes, Scavenger, Varies by Tenant, Water/Sewer
Utilities To Site Electric Nearby, Electric to Site, Gas to Site
Water Drainage Floor Drains, Storm Sewers
Listing Courtesy of Mega Usa Properties, Inc.