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    5233-5261 W Madison St Chicago, IL 60607

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    For Sale
    Contact for pricing

    22,634 SF retail property on 0.90 acres for sale.

    Property size:
    22,634 SF
    Lot size:
    0.45 Acres

    Property Features for 5233-5261 W Madison St

    General Information

    Size
    22,634 SF
    Lot size
    0.45 Acres

    Source: Brookline Real Estate Agent Bill Lundy

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

    Overview

    Retail Property on Madison Street

    Located at 5225 W Madison Street, this property features 22,634 square feet of space across two buildings, situated on approximately 0.90 acres. The property is near the lighted intersection of Madison Street and Laramie Avenue, just north of I-290. The location benefits from its position across from Walgreens and other retailers on one of the city’s main thoroughfares. The center is anchored by the University of Illinois Outreach Center, which has recently signed a long-term lease in the two-story endcap east building. The property's layout allows for an ideal synergy and mutual benefit across the property. The brick construction building has been well-maintained and offers 54 parking spots in a secure and well-kept rear lot. Madison Street also provides street parking and bike lanes.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    Madison-Central Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7565829
    Latitude
    41.8800643

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    FAQs

    What type of property is this?
    Shopping center - 22,634 SF retail property on 0.90 acres for sale.
    Where is this shopping center located?
    The property is located at 5233-5261 W Madison St Chicago, IL.
    What are key features of this property?
    This property features: - Long-term lease signed by University of Illinois Outreach Center, providing stable income.; - Located on Madison Street, a major thoroughfare, near the intersection of Laramie Avenue.; - High visibility location across from Walgreens and other retailers.
    (630) 590-5910
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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
    5233-5261 W Madison St Chicago, IL 60607
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