1041 West Addison Street

Chicago, IL 60613

Listing ID: 214978
$19,715,000
For Sale
  • Property Type Retail : Other Retail
  • Lot Size Acres 0.120
  • Building Sq Ft 10,200
  • Building Price per Sq Ft $1,932.84
  • Land Sq Ft 5,227
  • Land Price per Sq Ft $999.00
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Description

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the CVS, located in the Wrigleyville community of Chicago. Please note that certain Principals associated with the Seller are licensed real estate brokers and associated with Mid-America Real Estate Corporation. This trophy asset is a generational investment opportunity directly across the street from the iconic Wrigley Field in Chicago, a recently designated national historic landmark. The property is located at 1041 West Addison Street and is newly constructed to accommodate a marquee CVS Pharmacy and features a prominent billboard leased to Clear Channel Outdoors. CVS is situated in the extremely dense and affluent Chicago community of Wrigleyville, surrounded by over a billion dollars of premier development. The subject offering is comprised of a 10,200 square foot two-level retail building, capped by a three story, 20’ x 35’ billboard. The property is anchored with the essential business, investment grade CVS Pharmacy, who is subject to a 15-year corporately guaranteed lease. The offering also includes a 11-year billboard lease with Clear Channel Outdoors where the landlord receives 30% of the advertising revenue, which has been growing at an average rate of 34% per year since 2018. This unique investment just steps to the entrance of Wrigley Field, surrounded by wealthy households and a plethora of new development, with exposure to millions of residents, transit riders and fans, make it a once in a lifetime opportunity.

Listing Demographics for 1041 West Addison Street Chicago, IL 60613

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population95,010466,7771,119,595
Population Median Age353737
Population by Age0-9 Yrs7581 (7%)45354 (9%)112437 (10%)
10-19 Yrs3772 (3%)27671 (5%)89259 (7%)
20-29 Yrs31161 (32%)113137 (24%)243613 (21%)
30-39 Yrs24166 (25%)109549 (23%)240818 (21%)
40-49 Yrs9666 (10%)58285 (12%)139062 (12%)
50-59 Yrs8260 (8%)44959 (9%)117214 (10%)
60-69 Yrs5639 (5%)34787 (7%)96063 (8%)
70+ Yrs4766 (5%)33035 (7%)81129 (7%)
Median HH Income$90,300$86,585$80,288
Total Household Income< 24K6066 (12%)33450 (14%)85695 (16%)
25-49K7184 (14%)33873 (15%)81701 (16%)
50-74K7766 (15%)32785 (14%)74494 (14%)
75-99K6180 (12%)27505 (12%)59870 (11%)
100-199K13546 (27%)59939 (26%)129917 (25%)
200K+8854 (17%)38158 (16%)77438 (15%)
Highest Education LevelNo Diploma18242166179258
Diploma or GED430935993111133
Some College598236497100034
Assoc. Degree27221395035754
Bachelors Degree33620145501291084
Higher Degree23170102522214016
Total Housing Units54,095247,345569,791
--Owner-Occupied18,98392,222206,663
--Renter-Occupied30,612133,486302,453
Owner-Occupied Values< 100K44923087759
100-199K2355961425979
200-299K34241618240100
300-399K31581515336953
400-499K24351239227107
500K+71623657468764
Total Working Age Population84,752403,421957,260
In Work Force71,211315,001708,913
Not In Work Force13,54188,420248,347
Workforce Employed68,941304,895678,867
Workforce Unemployed2,25910,02929,785
Civlian Workforce71,201314,924708,652
Military Workforce1077261
Total Households49,595225,708509,116
Family Households15,77687,144219,445
Non-Family Households33,820138,564289,671
Married Couple13,39770,351165,526
Other Family2,37816,79253,919
Married w/Child5,29629,07663,010
Single Male w/Child4011,8665,995
Single Female w/Child6265,29617,252

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Joe Girardi Agent Photo

Joe Girardi

Mid-America Real Estate Corpor
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