Retail Space
1041 West Addison Street Chicago, IL 60613
Details & Description
Price: $19,715,000
    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.
    Additional Photos
    Listing Agents
    Joe Girardi

    O: 630-954-7392
    jgirardi@midamericagrp.com
    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.

    1041 West Addison Street

    Chicago, IL 60613

    Listing ID: 214978
    • 1041 West Addison Street Chicago, IL 60613 | for Sale | Photo 1
    • 1041 West Addison Street Chicago, IL 60613 | for Sale | Photo 2
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    • 1041 West Addison Street Chicago, IL 60613 | for Sale | Photo 4
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    Building Size: 10,200 SF
    Lot Size: 0.120 AC
    Land Size: 5,227 SF
    Building $/SF: $1,932.84
    Land $/SF: $999.00
    Price
    $19,715,000
    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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Retail Space for Sale

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    Chicago Area Market Trends

    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

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 1041 West Addison Street in Chicago?
    The asking price for 1041 West Addison Street is $19,715,000
    What is the building size of this Retail property in Chicago, IL?
    The size of the building/unit at 1041 West Addison Street in Chicago is 10,200 square feet
    How much land does the Chicago, IL property at 1041 West Addison Street include?
    1041 West Addison Street in Chicago includes 0.120 acres of land
    What kind of Retail is the propery at 1041 West Addison Street?
    The property at 1041 West Addison Street Chicago, IL 60613 is listed as a Other Retail Retail property
    What is the population within 1 mile of 1041 West Addison Street in Chicago?
    The population within 1 mile of 1041 West Addison Street Chicago, IL 60613 is 95,010 people.
    Who do I contact for questions about 1041 West Addison Street?
    You should contact the listing agent, Joe Girardi, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 12
    Chicago O'Hare International Airport (ORD) 13
    General Mitchell International Airport (MKE) 70
    Price
    $19,715,000
    Listing Agent
    More listings from Joe Girardi
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