5101 W Division Street
Chicago, IL 60651

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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.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60651
• Year Built: 1961
• Sq.Ft.: 9,000 sq ft
• Stories: 1
• Zoning: COMMR
• # Of Drive In Doors: 1
• Building Area Total: 9000
• Cooling: Central Air
• Directions: North or South on Cicero Ave to Division (2800 N.), West on Division to 5101.
• Electric: Circuit Breakers
• Estimated Cam/Sf: 1.05
• Estimated Tax/Sf: 3.04
• Fire Protection: Fire Extinguisher/s
• Heat/Ventilation: Ceiling Units
• Information: List Broker Must Accompany
• Leasable Area: 9000
• Lot Size Square Feet: 9272
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 9000
• Original Rental Price: 8
• Property Offered: For Sale or Rent
• Property Sub Type: Retail
• Rental Price: 8
• Tax Annual Amount: 27361
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Varies by Tenant