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    5715-5719 W Grand Ave Chicago, IL 60639

    For Sale
    $750,000

    Retail property near Hanson Park Metra Station on Grand Avenue.

    Property size:
    8,150 SF
    Lot size:
    0.15 Acres

    Property Features for 5715-5719 W Grand Ave

    General Information

    Size
    8,150 SF
    Lot size
    0.15 Acres

    Source: Strauss Realty, Ltd. Agent MJ Weinberger

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

    Overview

    Retail Property Near Metra Station

    This retail property benefits from a daily traffic count of 15,800 vehicles along Grand Avenue. The Hanson Park Metra Station (MDW Line) is located 0.2 miles away, approximately a 5-minute walk. The property is situated within a 3-mile radius that has a population of 412,761, encompassing 150,554 households with an average household income of $95,592. The property has a size of 8,150 square feet.
    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
    -87.7689017
    Latitude
    41.9190727

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    FAQs

    What type of property is this?
    Retail space - Retail property near Hanson Park Metra Station on Grand Avenue.
    Where is this retail space located?
    The property is located at 5715-5719 W Grand Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - High Traffic Count: 15,800 Vehicles Per Day; - Proximity to Transportation: Just 0.2 miles (5-minute walk) to Hanson Park Metra Station (MDW Line); - High Population Density: 412,761 within a 3-mile radius
    (847) 334-2587
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    5715-5719 W Grand Ave Chicago, IL 60639
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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
    5715-5719 W Grand Ave Chicago, IL 60639
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