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West Lake Street Retail Opportunity

5061 W Lk St, Chicago, IL

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For Lease

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Retail property on West Lake Street with redevelopment potential.

Type:RETAIL

Property size:

3,000 SF

Lot size:

0.31 Acres

HighLights

Generates $52,000 rent annually
13,500 SF land parcel with two buildings totaling approximately 3,000 SF
Situated on West Lake Street, a corridor undergoing significant redevelopment
Close proximity to I‑290, public transit and major city arteries
Benefits from city‑led initiatives
Good opportunity for user or investor

We can help!

Contact an agent

Brad Thompson

For Lease

Contact for pricing

Retail property on West Lake Street with redevelopment potential.

Type:RETAIL

Property size:

3,000 SF

Lot size:

0.31 Acres

Added:: Nov 25, 2025
Days on Market:: 224
Last Refresh:: Jul 4 at 3:08 pm

Property Features for 5061 W Lk St

General Information

Standard status: Active
Size: 3,000 SF
Lot size: 0.31 Acres
Property subtype: RETAIL

We can help!

Contact an agent

Brad Thompson

Listing office Millennium Properties Real Estate

Listing date Nov 25, 2025

Source Moodyscre

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 Millennium Properties Real Estate

HighLights

Generates $52,000 rent annually
13,500 SF land parcel with two buildings totaling approximately 3,000 SF
Situated on West Lake Street, a corridor undergoing significant redevelopment
Close proximity to I‑290, public transit and major city arteries
Benefits from city‑led initiatives
Good opportunity for user or investor

Overview

This property features a 13,500 square foot land parcel improved with two buildings totaling approximately 3,000 square feet. The property is situated on West Lake Street, a corridor undergoing significant redevelopment and benefits from city-led initiatives. It currently generates $52,000 in annual rent. The location offers close proximity to I-290, public transit, and major city arteries. The zoning is PMD-9. Businesses in the area include McDonald’s, Walgreens, Dunkin’, and Culver’s, presenting a good opportunity for a user or investor.

Property Profile Location Intelligence

Current Use by Public Records

Luz Complete Auto ... Auto Repair Shop

Suggested Use

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Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7526
Latitude: 41.8867

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What type of property is this?

Storefront property - Retail property on West Lake Street with redevelopment potential.

Where is this storefront property located?

The property is located at 5061 W Lk St Chicago, IL.

What are key features of this property?

This property features: Generates $52,000 rent annually; 13,500 SF land parcel with two buildings totaling approximately 3,000 SF; Situated on West Lake Street, a corridor undergoing significant redevelopment

5061 W Lk St, Chicago, IL

Retail property on West Lake Street with redevelopment potential.

Property Features for 5061 W Lk St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Lease

Storefront Retail Space for Lease

River North Professional Suites

River North Professional Suites

Turnkey Office Suites in Mixed-Use Building

Move-In Ready Office Suite

Medical Office Suite with Separate Entrance

Restaurant Space with Built-In Kitchen

Furnished Corner Office Suite

Move-in Ready Medical Office Suite

Rehabbed Storefront in High-Traffic Corridor

Rehabbed Storefront in High-Traffic Corridor

IL, Chicago – 110 North Wacker Drive

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