Prime Corner Commercial
5601-03 S Pulaski Road Chicago, IL 60629
5601-03 S Pulaski Road, Chicago, IL, 60629
$525,000
For Sale
Under Contract
$525,000
COMMERCIAL - Chicago, IL
Property Size3,000 SF
Lot Size0.11 Acres
Price / SF$175
Days on Market791
Property Features for 5601-03 S Pulaski Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 19141080540000
- Size
- 3,000 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17429
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Brick
Listing agency
RE/MAX Mi Casa
(773) 767-1616
Listed by
Maria Castillo · License #475122116
(773) 767-1616
Added: May 23, 2024 Updated: Apr 15 at 12:50PM Checked: Jul 22 at 4:06AM
MLS# 12059999
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 commercial property is located in the West Elsdon area at the corner of 56th and Pulaski. The property offers 3,000 square feet of space suitable for various business ventures. The location provides convenient access to transportation, with the Orange Line within walking distance and a bus stop situated directly outside the building. The lot size is approximately 0.1064 acres. This location is intended to attract foot traffic.
Key Highlights
- Prime corner location at 56th and Pulaski.
- 3,000 square feet of versatile space.
- High foot traffic area.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $21.60 |
| − Vacancy | −$5.5k | −$1.84 |
| EGI | $59.3k | $19.76 |
| − OpEx | −$17.8k | −$5.93 |
| NOI | $41.5k | $13.83 |
3,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.69M
$2.35M – $3.14M
NOI $188,385 @ 7.0% cap · market cap 35.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Krokus Flowers & Gifts — 5200 s archer ave # 1, chicago, il 60632
- Vanessas Flowers & Gifts — 5550 s pulaski rd, chicago, il 60629
- Alhelys Flowers, Gifts & More — 6009 S Pulaski Rd, Chicago, IL 60629
FAQs
What type of property is this?
Storefront property - Commercial space in West Elsdon near transportation.
Where is this storefront property located?
The property is located at 5601-03 S Pulaski Road Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime corner location at 56th and Pulaski.; 3,000 square feet of versatile space.; High foot traffic area.
