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    5238 Clark Street

    Chicago, IL 60640
    • $7,450,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 10772265
    Price Reduced
    UPDATED: 174 min ago
    $7,450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,000
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Confidential Sale!!! A once in a generation opportunity to acquire the best parcel of real estate in Chicago's pre-eminent Andersonville neighborhood. The property consists of an approx. 22,500 SF land site with an approx. 19,000 Sf existing building with over 150 ft of frontage on Clark St. Located just north of the intersection of Clark St & Foster, the property offers an opportunity to re-develop the site into a higher density retail, residential, or mixed-use development. Existing C1-2 zoning will allow for an approx 50,000 SF building. Currently occupied by long-time tenant Cheetah Gym, and a local tavern, the current operator will also consider leasing the entire building back to provide cash flow to a new owner. One of Chicago's best retail corridors, with an incredible mix of national tenants including Starbucks, Chase, Walgreens, Potbelly, Buffalo Exchange AT& T, as well as iconic local tenants such as Lady Gregory Restaurant, Women and Children First book store, Hopleaf, Hamburger Mary's and many, many others. Do not disturb tenants!

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-20T23:49:58.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    5238 Clark Street Chicago, IL 60640

    • Price: $7,450,000
    • Status: Active
    • Updated: 174 min ago
    • MLS #: 10772265
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    19,000
    SQFT
    $392
    $/SQFT
    1929
    Built
    Neighborhood:
    Chi - Edgewater
    County:
    Cook
    Area:
    Chi - Edgewater
    Property Description
    Confidential Sale!!! A once in a generation opportunity to acquire the best parcel of real estate in Chicago's pre-eminent Andersonville neighborhood. The property consists of an approx. 22,500 SF land site with an approx. 19,000 Sf existing building with over 150 ft of frontage on Clark St. Located just north of the intersection of Clark St & Foster, the property offers an opportunity to re-develop the site into a higher density retail, residential, or mixed-use development. Existing C1-2 zoning will allow for an approx 50,000 SF building. Currently occupied by long-time tenant Cheetah Gym, and a local tavern, the current operator will also consider leasing the entire building back to provide cash flow to a new owner. One of Chicago's best retail corridors, with an incredible mix of national tenants including Starbucks, Chase, Walgreens, Potbelly, Buffalo Exchange AT& T, as well as iconic local tenants such as Lady Gregory Restaurant, Women and Children First book store, Hopleaf, Hamburger Mary's and many, many others. Do not disturb tenants!
    Exterior Features

    Lot Dimensions Per Survey Lot Sq Ft 22500 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Individual Fire Protection Alarm On Site Number Of Drive In Doors 0 Number Of Stories 2 Outdoor Parking 19-30 Spaces

    Property Features

    Electrical Service 201-600 AmpsOther/Unknown Heat Ventilation Central Heat/Indiv ControlsOther Investment YN Yes Max Avail Sq Ft Rentable 19000 Min Avail Sq Ft Rentable 19000 Net Oper Income Amount 0 Net Operating Income Year 2018 Property Offered For Sale Only Rental Price 0 Tax Year 2018 Taxes 103379 Tenant Pays Air ConditioningElectricHeatOtherVaries By Tenant Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-20T23:49:58.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647