Free-Standing Retail Building For
For Lease
$15 SF/Yr
5041 S Prairie Ave, Chicago, IL 60615
8,250 SF retail building with parking in busy corridor.
Space SizeContact for details
Lot Size0.42 Acres
Days on Market195
Property Features for 5041 S Prairie Ave
General Information
Standard status
Active
Lot size
0.42 Acres
Building Details
Year Built
1950
Listing Agency:
Network Property Managment LLC
Listed By:
Neil Haleem · License #37077037778HN
(708) 927-8000
Source:
Bktchicago
Added: Mar 26
Changed: Sep 23
Last Checked: Oct 5 at 11:31PM
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.
Located in a busy business corridor near 51st Street and Prairie Avenue, this property is a free-standing building with 8,250 square feet of space on an 18,100 square foot lot. The site is located a half block west of the CTA EL Station. The building formerly housed a Family Dollar store. A parking lot on the property accommodates up to 15 vehicles. The building features a newer truss roof with steel joists.
Key Highlights
- High‑traffic location in a busy business corridor on 51st Street
- Convenient access to public transportation with the CTA EL Station just 1/2 block away
- Free‑standing building with 8,250 sq ft of space on an 18,100 sq ft lot
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
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
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Market
Lease Benchmarks for Chicago, IL
$25.87 /SF/Yr
Avg Asking Price
$11–$114 /SF/Yr
Price Range
3,905 SF
Avg Space Size
This space is priced 42% below the average of $25.87 /SF/Yr.
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 - 8,250 SF retail building with parking in busy corridor.
Where is this storefront property located?
The property is located at 5041 S Prairie Ave Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: High‑traffic location in a busy business corridor on 51st Street; Convenient access to public transportation with the CTA EL Station just 1/2 block away; Free‑standing building with 8,250 sq ft of space on an 18,100 sq ft lot
