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3535 N Central Avenue, Chicago, IL

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3535 N Central Avenue

Chicago, IL 60634-4407 - Northwest City Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:1972
Building Size:4,350 SF Land Area:.38 AC (16,701 SF)
For Sale Price:$2,330,000 Price/SF:$535.63
Cap Rate:4.95 %
Parking:Free Surface spaces are available; Ratio of 3.63/1,000 SF
Features:Drive Thru

Sale Notes:
Situated near the intersection of North Central Avenue and West Addison Street, the branch benefits from approximately 20,000 cars passing by daily, excellent signage, one drive-thru teller lane, and one drive-thru ATM. The branch controls 24% of the market share with a deposit base of $140 million.

The site is located approximately one and one half mile west of the Kennedy Expressway, which provides direct access to downtown Chicago. The branch is in close proximity to CVS and Subway as well as across the street from Presence Our Lady of the Resurrection Medical Center, a major medical center and award-winning hospital specializing in adult medical-surgeries and outpatient services.

The neighboring residential communities are densely populated, offering a robust customer base. The surrounding community, within a 5-mile radius, is home to nearly 1,000,000 residents with an average household income of approximately $70,000.

Download offering memorandum for additional information.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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