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5061 W Lake St Chicago, IL 60644

For Sale
$225,000

Retail property on West Lake Street with redevelopment potential.

Property size:
3,000 SF
Lot size:
0.31 Acres

Property Features for 5061 W Lake St

General Information

Size
3,000 SF
Lot size
0.31 Acres

Source: Millennium Properties Real Estate Agent Brad Thompson

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


Overview

West Lake Street Retail Opportunity

This property features a 13,500 square foot land parcel improved with two buildings totaling approximately 3,000 square feet. The property is situated on West Lake Street, a corridor undergoing significant redevelopment and benefits from city-led initiatives. It currently generates $52,000 in annual rent. The location offers close proximity to I-290, public transit, and major city arteries. The zoning is PMD-9. Businesses in the area include McDonald’s, Walgreens, Dunkin’, and Culver’s, presenting a good opportunity for a user or investor.
Insight Report Location Intelligence

Current Use by Public Records

Luz Complete Auto ... Auto Repair Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

Similar Places Nearby

THE JOINT, Concepts In Design Florist, First Choice Flowers Inc, Aroma Florist Inc, Pure Elegance Floral

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7526431
Latitude
41.8866529

FAQs

What type of property is this?
Storefront property - Retail property on West Lake Street with redevelopment potential.
Where is this storefront property located?
The property is located at 5061 W Lake St Chicago, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: - Generates $52,000 rent annually; - 13,500 SF land parcel with two buildings totaling approximately 3,000 SF; - Situated on West Lake Street, a corridor undergoing significant redevelopment
More about this property
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