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4415 - 4451 N Pulaski Road - Albany Square - Albany Square Retail Center, Chicago, IL

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4415 - 4451 N Pulaski Road - Albany Square - Albany Square Retail Center

Chicago, IL 60630-4413 - Northwest City Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1989
Building Size:29,891 SF Land Area:1.11 AC (48,352 SF)
For Sale Price:$6,500,000 Price/SF:$217.46
Cap Rate:7.40 %
Parking:99 Surface spaces are available; Ratio of 1.94/1,000 SF
Features:Pylon Sign

This is a busy strip center in albany Park. Great tenant mix that draws many shoppers daily. Busy street with great visibility. Additional parking available across the street. Current tenants include Subway, Little Caesar's, Hair by Mario, Dental Provile, L&J Nails, First American Insurance, MBC Jewelers, Cricket, Chen's Garden, Dollar Stop and Albany Square Laundromat.

Located in Albany Park, a northwest side bastion of unique grocery stores, restaurants and shopping, all nestled within a mulitcultural community. Albany Park is 8 miles northwest of the Loop.

Sale Notes:
Baum Realty Group has been exclusively retained to market for sale Albany Square, a 96% occupied urban infill shopping center located in Chicago' s Albany Park neighborhood at 4445 N. Pulaski Road. The shopping center encompasses ±29,764 SF of rentable building area on ±1.25 acres of land with ±200 feet of frontage along Pulaski Road. Albany Square features a diverse e-commerce resistant tenant mix of national, regional and local tenants with staggered lease terms across 14 suites. One of Albany Square' s more enviable features is the ±55 parking spaces and two means of ingress and egress. One of the area's tallest pylon signs helps promote the complementary tenant mix.

Albany Square provides consumers with convenient access to downtown Chicago via interstate highways and public transportation. The shopping center is located just north of the six-way intersection of Pulaski, Montrose and Elston which features exposure to 72,000 VPD. The CTA Irving Park and Montrose Blue Line L' Stations are ¾ mile directly south and west, respectively. The Irving Park CTA station had a total of 1.36M passengers and the Montrose station ushered in close to 745,000 riders in 2016. Additionally, the CTA Kimball and Kedzie Brown Line L' Stations are 1-mile northeast and had a combined total of 1.97M passengers in 2016. Albany Square is proximate to the CTA #53 and #78 bus routes which run along Pulaski and Montrose. There is a Divvy bike station with 15 shared bikes approximately 500 feet west along Montrose Avenue.

Baum Realty Group, LLC
Gregory Dietz
(312) 275-3125

Danny Spitz
(312) 275-3139

Brad Teitelbaum
(312) 275-3116

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