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Lincoln Square Development Opportunity
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5130-5142 N Western Avenue, Chicago, IL 60625

Highly visible development opportunity in Chicago's Lincoln Square neighborhood.

Property SizeContact for details
Days on Market587

Property Features for 5130-5142 N Western Avenue

General Information

Standard status Active
Property subtype Retail, Land
Zoning B3-3
Listing Agency: Jameson Commercial Real Estate
Listed By: Mark Kishtow · License #IL 471010965
Source: Crexi
Added: Jan 30, 2025 Changed: Aug 16 Last Checked: Sep 8 at 4:00AM

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 Jameson Commercial Real Estate

Investment Insights

Based on property information with market context.

This development opportunity is located near the corner of Western Avenue and Foster Avenue in Chicago’s Lincoln Square neighborhood. The property consists of six contiguous lots with 156 feet of frontage on Western Avenue and a depth of 114 feet. Building access is available on the west side of the property. The location provides access to Lake Michigan (Foster Beach), Lincoln Square shops, and Andersonville restaurants. The property is within walking distance of the Western and Lawrence Brown Line stations.

Key Highlights

  • Highly visible development opportunity in Lincoln Square.
  • Six contiguous lots with 156' frontage on Western Ave.
  • Easy access to Lake Michigan (Foster Beach), Lincoln Square shops, and Andersonville restaurants.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Garden Center Building Supply Catering Service (Bike/Boat/Book/etc) Store Food Market

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

3,194
Businesses Nearby

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Highly visible development opportunity in Chicago's Lincoln Square neighborhood.
Where is this commercial land located?
The property is located at 5130-5142 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Highly visible development opportunity in Lincoln Square.; Six contiguous lots with **156' frontage on Western Ave**.; Easy access to Lake Michigan (Foster Beach), Lincoln Square shops, and Andersonville restaurants.
(847) 410-0088 Call to check price and availability
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