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    5804 Dempster St Morton Grove, IL 60053

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    For Sale
    $2,590,000

    Retail space for sale in thriving Near North neighborhood.

    Property size:
    14,510 SF
    Lot size:
    0.57 Acres

    Property Features for 5804 Dempster St

    General Information

    Size
    14,510 SF
    Lot size
    0.57 Acres

    Source: SVN | Chicago Industrial Agent John Joyce

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on Dempster Street

    This retail property is located on Dempster Street in the Dempster Street Commercial Corridor. The location offers high visibility and is situated in a well-established neighborhood with growth potential. The property is approximately 0.82 miles from the Morton Grove Metra station and 0.40 miles from the Edens Expressway/I-94. Traffic volume on Dempster Street is 34,900 vehicles per day. The property offers a development potential of approximately 93,000 square feet, with 11,000 square feet of retail space. The property size is 14,510 square feet.
    Location Intelligence

    Current Use by Public Records

    EEJ Stove & Fireplaces ... Wood Stove Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Morton Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.771857
    Latitude
    42.0411582

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    FAQs

    What type of property is this?
    Retail space - Retail space for sale in thriving Near North neighborhood.
    Where is this retail space located?
    The property is located at 5804 Dempster St Morton Grove, IL.
    What is the asking price?
    The asking price for this property is $2,590,000.
    What are key features of this property?
    This property features: - High visibility location on Dempster Street in a thriving commercial corridor.; - Significant redevelopment potential of ±93,000 SF.; - High traffic volume of 34,900 VPD on Dempster Street.
    (847) 778-1254
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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
    5804 Dempster St Morton Grove, IL 60053
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