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    5351-5359 W Addison St Chicago, IL 60641

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    For Sale
    Contact for pricing

    Zoned B1-1 corner lot suitable for retail or residential development.

    Property size:
    11,813 SF
    Lot size:
    0.27 Acres

    Property Features for 5351-5359 W Addison St

    General Information

    Size
    11,813 SF
    Lot size
    0.27 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Brendan Reedy

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

    Overview

    Corner Lot Development Opportunity

    This property presents a corner development opportunity zoned B1-1, suitable for retail uses, boutique residential, or parking. The location is two blocks east of N Central Avenue and two blocks west of N Laramie Avenue. It is in close proximity to Community First Medical Center and Chopin Park. Access to I-90 / I-94 is available via Addison to N Cicero Ave (IL Rt 50). Traffic counts are as follows: Addison Street sees 19,200 vehicles per day (VPD), Central Avenue sees 17,600 VPD, and Laramie Avenue sees 12,500 VPD. The property size is 11,813 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7614288
    Latitude
    41.9456899

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    FAQs

    What type of property is this?
    Commercial land - Zoned B1-1 corner lot suitable for retail or residential development.
    Where is this commercial land located?
    The property is located at 5351-5359 W Addison St Chicago, IL.
    What are key features of this property?
    This property features: - Zoned B1-1, ideal for retail, boutique residential, or parking development.; - **Corner lot development opportunity.**; - High traffic counts on Addison Street (19,200 VPD).
    (630) 954-7327
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    5351-5359 W Addison St Chicago, IL 60641
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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
    5351-5359 W Addison St Chicago, IL 60641
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