Free-Standing Retail / Former QSR with Drive-Thru FOR SALE or LEASE

5224 N Northwest Highway, Chicago, IL 60630

About

SVN Chicago Commercial is pleased to offer 5224 N. Northwest Highway FOR SALE or LEASE. The subject property is a free-standing 2,232 SF Retail building with surface parking. Originally a QSR with a drive-thru, the building is currently used as Retail but could be converted back to accommodate a drive-thru. This building is part of a 2-building 9,899 SF strip center with a 30-car surface parking lot that was completely rehabbed in 2015. There is stable co-tenancy with ATI Physical Therapy and Immediate MD having long-term leases. All tenants benefit from an incredibly rare 57’ tall pylon sign visible from Interstate 90 and the adjacent Metra rail line. Northwest Highway, Central Avenue, and Foster Avenue surround the site and produce traffic counts of 52,200 VPD. Additionally, nearby Milwaukee Avenue and Interstate 90 see 16,200 and 150,000 VPD respectively. Along with Interstate access at Foster and Central, public transportation is easily accessible with two Metra stops and one CTA Blue Line stop within walking distance. Jefferson Park is a dense urban neighborhood with 123,000 residents in a 2-mile radius that have a Median Household Income of $90,000. The property is zoned B3-1. Please contact the Advisor for additional details.

  • Free-Standing Retail / Former QSR with Drive-Thru FOR SALE or LEASE
  • Former Fast Food Restaurant with Drive-Thru can be Converted Back
  • 2,232 SF Available - Ideal Size for Quick Serve Restaurant
  • Part of 2-Building Strip Center Totaling 9,899 SF
  • Parking - 15 Car Parking Lot (6.72/1,000 SF)
  • Stable Co-Tenancy - ATI Physical Therapy and Immediate MD Have Long-Term Leases
  • Central Location - Excellent Vehicular Location as the Site is Immediately Served by Northwest Highway, Central Avenue, Foster Avenue, Milwaukee Avenue, and Interstate 90, All with Strong Traffic Counts and Easy Access
  • Traffic Counts - Northwest Hwy (10,400 vpd), Central Ave. (15,000 vpd), Foster Ave. (26,800 vpd), Milwaukee Ave. (16,200 vpd), Interstate 90 (150,000 vpd)
  • Signage - Incredibly Rare 57’ Pylon Sign and Building Signage Opportunities
  • Excellent Visibility - Pylon Sign Visible from Interstate 90 and Adjacent Metra Rail Line
  • Transportation - Direct Access to Interstate 90 Via Central or Foster, 2 Metra Stops and 1 CTA Blue Line Stop Within Walking Distance
  • Established Sub-Market - Long Performing Nearby Retail Tenants Include AutoZone, Dollar General, Firestone, Walgreens, Verizon, 7-Eleven, BP, Associated Bank, O’Reilly Auto Parts, Subway, Dollar Tree, Sprint
  • Dense Urban Neighborhood - The Jefferson Park Neighborhood Consists of 123,000 Residents Among 48,000 Households In a 2-Mile Radius That Have a Median Household Income of $90,000
  • Daytime Population of 105,000 in a 2-Mile Radius

Suite Available

Location

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Listing courtesy of Adam Napp, adam.napp@svn.com, SVN I Chicago Commercial

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