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    5600 W Division St Chicago, IL 60651

    For Sale
    $779,900

    Retail - Chicago, IL

    Type:Retail
    Property size:
    7,500 SF
    Days on Market:
    168
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 5600 W Division St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    16052310350000
    Size
    7,500 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Number of units
    5
    Architectural style
    Other

    Better Homes and Gardens Real Estate Connections (708) 295-6619 [email protected]

    Listing agent Rima Odeh (708) 859-0909 License #475102798

    Listing date Jun 27, 2025

    MLS# 12335972 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Retail Investment Opportunity

    This commercial brick building features five storefronts situated on the busy corner of Division and Central in Chicago, IL. The property is fully leased to long-term tenants, some of whom have been established businesses for 10-16 years. Tenants are responsible for interior maintenance. The building is well-maintained, with recent tuck pointing and annual roof maintenance. The landlord is responsible for water, taxes, and exterior maintenance. There are 12 parking spaces in the back of the building within a fenced parking lot, with additional parking spaces in the front. The property consists of two PIN numbers and two addresses: 5600-5612 W Division and 1206 North Central. The property offers a high cap rate and sound investment potential. The building has 7500 square feet of living area and is zoned for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.765815
    Latitude
    41.902319

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    FAQs

    What type of property is this?
    Strip mall - Income-producing commercial property with long-term tenants in Chicago, IL.
    Where is this strip mall located?
    The property is located at 5600 W Division St Chicago, IL.
    What is the asking price?
    The asking price for this property is $779,900.
    What are key features of this property?
    This property features: - High Cap Rate Sound Investment; - Excellent Income Producing Commercial Property; - Fully Leased with Long-Term Tenants (10-16 years)
    (708) 859-0909
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    5600 W Division St Chicago, IL 60651
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    Chicago, IL 60651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5600 W Division St Chicago, IL 60651
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