List Search

4039-4041 W Madison St
Chicago, IL 60624 West Garfield Park

$440,000 USD

Storefront Retail Office For Sale  •  15,600 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 15,600 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1904
  • Cap Rate 11.40 %
  • Tenancy Multiple
  • Zoning B1-3
74 Transit Score
82 Walk Score

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 a mix of retail and office space. Current tenants are a grocery store and income tax prep office. 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 including BMO Harris Bank, Aldi, Foot Locker, and White Castle. This is a great opportunity for a user or investor looking to add value.

Highlights

15,600 SF mixed-use building
First floor built-out as two retail storefronts
Potential to rehab upper floors as office or apartments
Near corner of Pulaski & Madison
Cap Rate: 11.40 %

Public Transportation

Commuter RailDriveWalkDistance
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.6 mi
Western Avenue Station (MD-N/MD-W/NCS) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.7 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 8.6 mi
Chicago O'Hare International 46 min - 16.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Benjamin Neikrug 773-552-6155 BYN Properties
Benjamin Neikrug 773-552-6155 BYN Properties