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    5231 S Harper Ave Chicago, IL 60615

    For Lease
    Contact for pricing

    225,000 SF mixed-use building with on-site parking.

    Property size:
    1,217 SF
    Lot size:
    6.04 Acres

    Property Features for 5231 S Harper Ave

    General Information

    Size
    1,217 SF
    Lot size
    6.04 Acres

    Source: CBRE | Chicago Agent Meredith Oliver

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

    Overview

    Mixed-Use Building in Hyde Park

    This 225,000 square foot mixed-use building is located at the main intersection in Hyde Park. It features 455 on-site parking spaces and a 133-room Hyatt Hotel. Phase II of Harper Court is expected to deliver in 2022, adding 300,000 square feet of life sciences laboratory space to the project. The property offers 1,217 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Realty agency 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

    Dorchester Commons Shopping Center, ChargeItSpot, Kimbark Plaza Shopping Center, Hyde Park Shopping Center, Chicago ridge mall

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5888592
    Latitude
    41.7998218

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    FAQs

    What type of property is this?
    Shopping center - 225,000 SF mixed-use building with on-site parking.
    Where is this shopping center located?
    The property is located at 5231 S Harper Ave Chicago, IL.
    What are key features of this property?
    This property features: - Located at Hyde Park's Main on Main intersection.; - 225,000 SF mixed-use building.; - 455 on site parking spaces.
    (312) 935-1400
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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
    5231 S Harper Ave Chicago, IL 60615
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