This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4455-4577 N Milwaukee Ave

6,250 SF 100% Leased Industrial Building Chicago, IL 60630 $750,000 ($120/SF) 5.53% Cap Rate

Investment Highlights

  • Highly visible thoroughfare of Chicago
  • Strong long term tenant
  • Oversized garage and loading dock / rollup door
  • 12' ceilings throughout

Executive Summary

Golden opportunity in the coveted Portage Park neighborhood of Chicago! Presenting a prime commercial property that combines an income-generating martial arts school with immense potential for owner-occupancy or rental income. The property features two units, with the first unit currently occupied by a successful martial arts school, providing a steady rental income. The second unit is owner-occupied and is currently utilized as a printing center, offering the flexibility for the new owner to continue operating their own business or to lease it out for additional income. 1200 SF driveway is connected available for use by both spaces. This versatile property caters to a range of possibilities and investment strategies. The property enjoys excellent visibility and benefits from the neighborhood's thriving commercial landscape. Schedule a viewing today and turn your investment dreams into reality.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $750,000
Price Per SF $120
Sale Type Investment or Owner User
Cap Rate 5.53%
Property Type Industrial
Property Subtype
Service
  • General Retail Storefront Retail/Office
  • Office Office Residential
Building Class C
Lot Size 0.17 AC
Rentable Building Area 6,250 SF
No. Stories 1
Year Built 1955
Parking Ratio 0.96/1,000 SF
Clear Ceiling Height 12 FT
No. Dock-High Doors/Loading 2

Amenities

  • Signage
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Daeryun Huh
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • K & B Family Martial Arts
  • Educational Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Suite C
  • Transportation and Warehousing
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Daeryun Huh Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum -
K & B Family Martial Arts Educational Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Suite C Transportation and Warehousing 99,999 SF $9.99 Lorem Ipsum -
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-16-224-049-0000
  • 13-16-224-004-0000
  • 13-16-224-005-0000
Land Assessment
$19,480
Improvements Assessment
$123,288
Total Assessment
$142,768
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024

zoning

Zoning Code B3-1, Chicago (Commercial)
B3-1, Chicago (Commercial)
  • Listing ID: 32694832

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 4455-4577 N Milwaukee Ave, Chicago, IL 60630

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}