Freestanding Storefront with
For Lease
Contact for pricing
5041 S Prairie Avenue, Chicago, IL 60615
Retail or service space near a CTA EL station with on-site parking.
Space Size8,250 SF
Lot Size0.42 Acres
Days on Market631
Property Features for 5041 S Prairie Avenue
General Information
Standard status
Active
Size
8,250 SF
Net Rentable
8,250 SF
Total Parking Spaces
15
Lot size
0.42 Acres
Zoning
COMMR
Space & Availability
Available Space
8,250 SF
Contiguous Space
8,250 SF
Taxes and HOA fees
Annual Taxes
$21,514
Building Details
Year Built
1950
Stories
1
Units
1
Building Size
8,250 SF
Tenancy
Single
Listing Agency:
Network Property Managment LLC
(708) 873-5540
Listed By:
Neil Haleem · License #37077037778HN
(708) 873-5540
Source:
Midwestrealestate
Added: Nov 29, 2024
Changed: Aug 17
Last Checked: Aug 22 at 12:50PM
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 Network Property Managment LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property includes an 8,250-square-foot building on an 18,100-square-foot lot, with parking for up to 15 vehicles. The structure was built in 1950 and received a new truss roof with steel joists in 2008. The property is zoned COMMR and was formerly occupied by Family Dollar.
Located at 5041 S Prairie Avenue, the site is positioned in a densely populated business corridor near the CTA EL station, approximately one-half block east. Access is available from 51st Street east or west to Prairie Avenue, supporting visibility and connectivity for retail or service operations.
Located at 5041 S Prairie Avenue, the site is positioned in a densely populated business corridor near the CTA EL station, approximately one-half block east. Access is available from 51st Street east or west to Prairie Avenue, supporting visibility and connectivity for retail or service operations.
Key Highlights
- 8,250sf freestanding building on an 18,100 sq ft lot
- Parking lot accommodates up to 15 spaces
- CTA EL Station located 1/2 block east
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
26,074 visits/mo
0.5 miles
Citgo
Shops & Services
7,883 visits/mo
0.1 miles
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$26.85 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,535 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail or service space near a CTA EL station with on-site parking.
Where is this storefront property located?
The property is located at 5041 S Prairie Avenue Chicago, IL.
What are key features of this property?
This property features: 8,250sf freestanding building on an 18,100 sq ft lot; Parking lot accommodates up to 15 spaces; CTA EL Station located 1/2 block east
