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    5258 N Broadway St Chicago, IL 60640

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    For Sale
    $2,500,000

    Prime redevelopment opportunity in Chicago's Edgewater neighborhood.

    Property size:
    26,768 SF
    Lot size:
    0.25 Acres

    Property Features for 5258 N Broadway St

    General Information

    Size
    26,768 SF
    Lot size
    0.25 Acres

    Source: CRER Agent Tuyen Nguyen, CCIM

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

    Overview

    Edgewater Mixed-Use Redevelopment Opportunity

    Located at 5256 North Broadway Street in Chicago’s Edgewater neighborhood, this building is offered for sale for the first time in over 40 years. The structure presents a prime opportunity for redevelopment. The building's exterior is in perfect condition and offers the potential for an extraordinary makeover. The interior offers the potential for modern residential units above and restaurants and retail shops on the first floor. The building has a typical floor size of 8,292 square feet and is constructed with masonry. The property, totaling 26,768 square feet, is zoned B1-2. Current tenants include About Face Theatre, Greene & Proppe Design, Inc., American Family Insurance, and Help At Home. The Davis Building is conveniently located close to public transportation. The Walk Score is 95, indicating a Walker’s Paradise, and the Transit Score is 76, indicating Excellent Transit. This location offers the potential to create a unique living, shopping, and dining experience.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6603249
    Latitude
    41.9780032

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    FAQs

    What type of property is this?
    Retail space - Prime redevelopment opportunity in Chicago's Edgewater neighborhood.
    Where is this retail space located?
    The property is located at 5258 N Broadway St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Walker's Paradise Walk Score (95) and Excellent Transit Score (76).; - Prime redevelopment opportunity in Chicago's Edgewater neighborhood.; - Large floor size of 8,292 SF.
    (773) 879-0713
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    5258 N Broadway St Chicago, IL 60640
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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
    5258 N Broadway St Chicago, IL 60640
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