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    615 S 5Th Ave Maywood, IL 60153

    For Sale
    $450,000

    Retail - Maywood, IL

    Type:Retail
    Property size:
    22,000 SF
    Days on Market:
    193
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 615 S 5Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    15113360200000
    Size
    22,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent David McLennan (773) 325-2800 License #475165323

    Listing date May 29, 2025

    MLS# 10915458 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

    Maywood Retail Opportunity

    Located at the intersection of Washington Blvd and 5th Ave in Central Maywood, the property at 615 S. 5th Ave consists of three contiguous lots. The existing 22,000 square foot structure sits on a lot of over 61,000 square feet and features 200 feet of frontage on 5th Ave. Previously a grocery store, the old Maywood Market still contains operating refrigeration equipment. Ample parking is available on paved lots at the west and north parcels of the existing structure. A new residential development has broken ground across the street and one block south. Upon completion, this development will feature a 5-story building with 4,500 square feet of retail space on the ground level and 68 residential units on the four floors above.
    Property Profile Location Intelligence

    Current Use by Public Records

    O’Donnell Heating & Air ... Hvac Contractor

    Suggested Use

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

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

    Similar Places Nearby

    Tarfey

    Location Insight

    • Map
    • Local Demand
    City
    Maywood
    County
    Cook
    State
    Illinois
    Longitude
    -87.838591
    Latitude
    41.881119

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    FAQs

    What type of property is this?
    Grocery and convenience store - 22,000 SF structure on 61,000+ SF lot in Maywood.
    Where is this grocery and convenience store located?
    The property is located at 615 S 5Th Ave Maywood, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Large Lot: 61,000+ sq ft lot with 200 ft of frontage on 5th Ave.; - High-Traffic Location: Located at the busy intersection of Washington Blvd and 5th Ave.; - Development Opportunity: 3 Contiguous Lots totaling 61,000+ sq ft.
    (773) 325-2800
    Request Owner's contact information
    615 S 5Th Ave Maywood, IL 60153
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    Maywood, IL 60153
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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
    615 S 5Th Ave Maywood, IL 60153
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