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Gage Park Land Opportunity
For Sale
$280,000

5009-15 S Homan Avenue, Chicago, IL 60632

LAND - Chicago, IL

Lot Size0.29 Acres
Days on Market185

Property Features for 5009-15 S Homan Avenue

General Information

Property type Land
Property subtype Other
Zoning COMMR
Elementary school district 299
Middle school district 299
High school district 299
Directions Kedzie to 51st St. West to Homan to property
Subdivision CHI - Gage Park
Standard status Active
APN 19112040050000
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7177
Listing Agency: Baird & Warner
Listed By: Maryann Marovic · License #475161843
Added: Jan 27 Changed: May 13 Last Checked: Jul 31 at 3:06AM
MLS# 12555891

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property presents a rare opportunity in Chicago's Gage Park neighborhood. It features a 100' x 125' lot with M1-2 zoning, which allows for a range of industrial, commercial, or redevelopment uses. Interested parties should verify permitted uses. The property offers a footprint with street presence and convenient access to major transportation corridors. It is located in a growing South Side industrial corridor. This site is suitable for owner-users, investors, or developers.

Key Highlights

  • Expansive 100' x 125' Lot
  • Highly Desirable M1‑2 Zoning (buyer to verify)
  • Flexibility for industrial, commercial, or redevelopment uses

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Skin Care Clinic Accounting Firm (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

811
Businesses Nearby

Demographics for 60632, IL

92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value

Market

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Versatile lot in Chicago's Gage Park neighborhood.
Where is this commercial land located?
The property is located at 5009-15 S Homan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Expansive 100' x 125' Lot; Highly Desirable M1‑2 Zoning (buyer to verify); Flexibility for industrial, commercial, or redevelopment uses
More about this property
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