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North Cumberland Avenue Office Building
For Sale
$20,000,000

5501-5523 North Cumberland Avenue, Chicago, IL 60656

Office building for sale on North Cumberland Avenue.

Days on Market114

Property Features for 5501-5523 North Cumberland Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: Newmark | Chicago
Listed By: Jim Postweiler
Source: Nmrk
Added: Apr 8 Changed: Jul 10 Last Checked: Jul 30 at 4:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Chicago

Investment Insights

Based on property information with market context.

The property at 5501-5523 North Cumberland Avenue, Chicago, IL 60656, is an office building available for sale.

Key Highlights

  • The property is located at 5523 North Cumberland Ave.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Cosmetic Store Nail Salon Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,100
Businesses Nearby

Demographics for 60656, IL

28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building for sale on North Cumberland Avenue.
Where is this office building located?
The property is located at 5501-5523 North Cumberland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: The property is located at 5523 North Cumberland Ave.
More about this property
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