Storefront Property with Large
For Sale
$499,000
5101 W Division Street, Chicago, IL 60651
Commercial Sale, Chicago, IL
Property Size9,000 SF
Lot Size0.21 Acres
Price / SF$55.44
Days on Market343
Property Features for 5101 W Division Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
North or South on Cicero Ave to Division (2800 N.), West on Division to 5101.
Subdivision
CHI - Austin
Standard status
Active
APN
16044010400000
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
(312) 925-7938
Added: Sep 29, 2025
Changed: Aug 19
Last Checked: Sep 6 at 3:06AM
MLS# 12483642
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 9,000-square-foot commercial building offers a largely open interior suited to reconfiguration for retail, office, or shared-work use. The north section contains approximately 3,000 square feet with large windows facing Division Street and a ceiling just under 9 feet. The south section provides approximately 4,430 square feet beneath a drop ceiling and bow-truss roof, with the option to expose the roof structure. Four support posts divide the primary open areas, spaced approximately 13 to 15 feet apart.
A separate southern area of approximately 1,100 square feet includes two bathrooms, storage, breaker boxes, and a delivery door along North Leclaire Avenue. The property sits at the southwest corner of Division Street and Leclaire Avenue, with approximately 11,700 VPD on Division. Cicero Avenue carries 26,800 VPD, while Laramie Avenue carries 16,400 VPD; both are within several blocks. LaFollette Park is two blocks north. The property is zoned COMMR, includes central air, and has received more than $144,000 in capital improvements, including roof and masonry work.
A separate southern area of approximately 1,100 square feet includes two bathrooms, storage, breaker boxes, and a delivery door along North Leclaire Avenue. The property sits at the southwest corner of Division Street and Leclaire Avenue, with approximately 11,700 VPD on Division. Cicero Avenue carries 26,800 VPD, while Laramie Avenue carries 16,400 VPD; both are within several blocks. LaFollette Park is two blocks north. The property is zoned COMMR, includes central air, and has received more than $144,000 in capital improvements, including roof and masonry work.
Key Highlights
- Approximately 9,000 SF of mostly open commercial space
- Large Division Street‑facing windows in the approximately 3,000 SF north section
- Approximately 4,430 SF south section with bow‑truss roof above the drop ceiling
Property Analytics
Property Profile
Current Use
Lease Details
11,700 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 33%
Dining 17%
Apparel 17%
Food 4 Less
Groceries
51,025 visits/mo
0.5 miles
McDonald's
Dining
26,623 visits/mo
0.5 miles
Five Below
Shops & Services
22,390 visits/mo
0.4 miles
Ross Dress for Less
Apparel
20,258 visits/mo
0.4 miles
BP
Shops & Services
11,568 visits/mo
0.5 miles
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with retail, office, or shared-work potential and prominent Division Street exposure.
Where is this storefront property 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: Approximately 9,000 SF of mostly open commercial space; Large Division Street‑facing windows in the approximately 3,000 SF north section; Approximately 4,430 SF south section with bow‑truss roof above the drop ceiling
