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Two-Building Shopping Center
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5233-5261 W Madison St, Chicago, IL 60644

Brick retail center with a two-story endcap, rear parking, and street-accessible commercial frontage.

Property Size22,634 SF
Lot Size0.90 Acres
Days on Market565

Property Features for 5233-5261 W Madison St

General Information

Standard status Active
Size 22,634 SF
Total Parking Spaces 54
Lot size 0.90 Acres
Property subtype RETAIL

Additional Details

Anchor Co-Tenants University of Illinois Outreach Center

Building Details

Buildings 2
Construction brick
Tenancy Multi
Listing Agency: Brookline Real Estate
Listed By: Bill Lundy
Source: Moodyscre
Added: Feb 11, 2025 Changed: Aug 29 Last Checked: Aug 29 at 5:00PM

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 Brookline Real Estate

Investment Insights

Based on property information with market context.

This shopping center comprises two brick buildings totaling 22,634 square feet on approximately 0.90 acres. The property includes a two-story east endcap leased to the University of Illinois Outreach Center under a long-term agreement. Building interiors are described as well maintained, and the center provides a secure rear parking lot with 54 spaces.

The property is near the signalized Madison Street and Laramie Avenue intersection, just north of I-290. Its setting is across from Walgreens and among other retailers along a major city thoroughfare. Madison Street also provides street parking and bike lanes, adding transportation options for visitors and occupants.

Key Highlights

  • 22,634 square feet across two buildings
  • Approximately 0.90 acres
  • Two‑story east endcap leased to the University of Illinois Outreach Center under a long‑term agreement

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,173
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 47% Dining 46% Electronics 6%
McDonald's Dining
23,692 visits/mo 0.3 miles
BP Shops & Services
10,560 visits/mo 0.3 miles
AutoZone Shops & Services
5,310 visits/mo 0.3 miles
U.S. Bank Shops & Services
4,946 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
3,716 visits/mo 0.4 miles

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Similar Off Market Nearby

  • Madison-Central Plaza 5602 W Madison St, Chicago, IL 60644

Frequently Asked Questions

What type of property is this?
Shopping center - Brick retail center with a two-story endcap, rear parking, and street-accessible commercial frontage.
Where is this shopping center located?
The property is located at 5233-5261 W Madison St Chicago, IL.
What are key features of this property?
This property features: 22,634 square feet across two buildings; Approximately 0.90 acres; Two‑story east endcap leased to the University of Illinois Outreach Center under a long‑term agreement
(630) 590-5910 Call to check price and availability
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