Chicago Commercial Space for
5101 W Division Street Chicago, IL 60651
For Sale
$499,000
COMMERCIAL - Chicago, IL
Property Size9,000 SF
Lot Size0.21 Acres
Price / SF$55.44
Days on Market298
Property Features for 5101 W Division Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 16044010400000
- Size
- 9,000 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 27361
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1961
- Floors in Building
- 1
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
David McLennan · License #475165323
(773) 325-2800
Added: Sep 29, 2025
Changed: Apr 15
Last Checked: Jul 23 at 11:06PM
MLS# 12483642
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Investment Insights
Based on property information with market context.
Located on the southwest corner of Division Street and Leclaire Avenue in Chicago, this commercial space offers a blank canvas for various business ventures. The property is situated in the bustling North Austin neighborhood, two blocks south of LaFollette Park. Division Street sees approximately 11,700 vehicles per day (VPD), making it a high-traffic location. The property is also conveniently located three blocks east of Cicero Avenue (26,800 VPD) and two blocks east of Laramie Avenue (16,400 VPD). The former dollar store provides approximately 9,000 square feet of mostly open-span space, suitable for retail, office, or shared work environments. The front section, facing north, offers about 3,000 square feet with large windows and a drop-panel ceiling at just under 9 feet. The rear section provides 4,430 square feet with a similar ceiling and a bow truss roof hidden above the panels, which could be exposed for a dramatic effect. These two areas are separated by support posts spaced approximately 13 to 15 feet apart. An additional 1,100-square-foot area houses breaker boxes, two bathrooms, and a storage area, with a delivery door facing North Leclaire Avenue. The lot size is 0.2129 acres. Capital improvements exceeding $144,000 have been made in recent years, including roof and masonry repairs. The property is zoned COMMR.
Key Highlights
- High traffic location on Division St. (approx. 11,700 VPD) near other busy streets.
- Large open space (approx. 9,000 s.f.) suitable for retail, office, or shared work.
- Potential for reduced pricing for a qualified 501(c)(3) organization.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zmar Disposal Services ...
Plumbing Service
FAQs
What type of property is this?
Retail space - Versatile commercial space in bustling North Austin neighborhood.
Where is this retail space located?
The property is located at 5101 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High traffic location on Division St. (approx. 11,700 VPD) near other busy streets.; Large open space (approx. 9,000 s.f.) suitable for retail, office, or shared work.; Potential for reduced pricing for a qualified 501(c)(3) organization.