4041 W Madison Street
Chicago, IL 60624

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Description

Pulaski and Madison retail corridor, a 15,600 square foot mixed-use building is available for sale. The first floor is built out with retail space and both spaces are rented. The upper floors are vacant with an open layout ready to be developed as office, creative or apartment space. Nearby businesses are a mix of local and national retail users. This is a great opportunity for a user or investor looking to add value.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60624
• Year Built: 1904
• Sq.Ft.: 15,600 sq ft
• Stories: 3
• Units: 2 units
• Zoning: COMMR
• # Of Tenants: 2
• Building Area Total: 15600
• Cooling: Central Individual
• Directions: Madison, west of Pulaski to property.
• Electric: Circuit Breakers, Separate Meters
• Gross Income: 5705
• Gross Rentable Area: 16000
• Gross Scheduled Income: 70296
• Heat/Ventilation: Forced Air
• Information: Short Notice OK
• Insurance Expense: 8500
• Investment (Y/N): Yes
• Leasable Area: 6000
• Lot Size Source: Survey
• Lot Size Square Feet: 6072
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 6000
• Net Rentable Area: 6000
• Property Offered: For Sale Only
• Property Sub Type: Neighborhood Storefront
• Tax Annual Amount: 20781
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat, Operating Stops, Trash Collection
• Total Monthly Income: 5858
• Water Expense Source: Owner Projection
• Water Sewer Expense: 2000