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    5245 N Broadway St Chicago, IL 60640

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    For Lease
    Contact for pricing

    Freestanding retail outlot near public transportation and major thoroughfare.

    Property size:
    9,220 SF
    Lot size:
    1.04 Acres

    Property Features for 5245 N Broadway St

    General Information

    Size
    9,220 SF
    Lot size
    1.04 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Paul Bryant

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

    Overview

    Redeveloped Shopping Center Retail Space

    This newly redeveloped shopping center offers retail space, including a freestanding outlot. The property features an exclusive loading dock for the anchor space and includes 100 surface parking spaces. It is located less than one block from the recently renovated Berwyn CTA Red Line Station, which serves over one million annual riders. The property is also situated approximately half a mile from Jean Baptiste Pointe DuSable Lake Shore Drive, which has a traffic volume of over 70,000 vehicles per day. The location on Broadway Street sees an average daily traffic volume of over 19,000 vehicles. The available space totals 9,220 square feet.
    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.

    Similar Places Nearby

    Coin Cloud Bitcoin ATM, Crypto Dispensers Bitcoin ATM, Sun Plaza, Broadway Plaza, Broadway Festival

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6589995
    Latitude
    41.9779405

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    FAQs

    What type of property is this?
    Shopping center - Freestanding retail outlot near public transportation and major thoroughfare.
    Where is this shopping center located?
    The property is located at 5245 N Broadway St Chicago, IL.
    What are key features of this property?
    This property features: - Less than 1 block from the newly renovated Berwyn CTA Red Line Station (1.013M Annual Riders); - Newly redeveloped shopping center with small shop and anchor space available; - 1/2 Mile off Jean Baptiste Pointe DuSable Lake Shore Drive (70,200 VPD)
    (630) 954-7327
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    5245 N Broadway St Chicago, IL 60640
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    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
    5245 N Broadway St Chicago, IL 60640
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