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Retail Space with Basement

5144 W Chicago Avenue, Chicago, IL 60651

For Lease
New
Contact for pricing

Commercial Lease, Chicago, IL

Space SizeContact for details
Days on Market4

Property Features for 5144 W Chicago Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning COMMR
Directions Chicago Ave. at Laramie Ave. West of Cicero Ave. and east on Central Ave
Subdivision CHI - Austin
Standard status Active
APN 16044230350000

Taxes and HOA fees

Tax Annual Amount 17444

Utilities

Cooling system Central Air

Building Details

Year built 1947
Floors in Building 1
Number of units 1
Building materials Brick, Concrete
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Nov 6 Last Checked: Nov 9 at 6:06AM
MLS# 12799771

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This one-story retail property at 5144 W Chicago Avenue includes high ceilings and a full basement. Brick and concrete construction, central air, and a 1947 year built complete the building profile. The basement adds space that may serve storage or workspace needs.

The property is on Chicago’s W. Chicago Avenue commercial corridor, among residential blocks, local businesses, restaurants, and neighborhood services. Area roadway connections and public transportation provide access for customers and employees. The zoning designation is COMMR.

Key Highlights

  • Full basement beneath a single‑story retail property
  • High ceilings and central air
  • Brick and concrete construction

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Parking Lot & Garage

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,054
Businesses Nearby
62k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 53% Shops & Services 47%
McDonald's Dining
21,496 visits/mo 0.1 miles
Marathon Shops & Services
9,766 visits/mo 0.4 miles
Dunkin' Donuts Dining
9,613 visits/mo 0.2 miles
Citgo Shops & Services
9,527 visits/mo 0.1 miles
Family Dollar Shops & Services
5,734 visits/mo 0.4 miles

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$24.76 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,755 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Chicago, IL

$25.69 Jul
$27.1 Aug
$26.09 Sep
$24.57 Oct

Properties on Market for Retail space in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Central air, high ceilings, and additional lower-level space support a range of commercial layouts.
Where is this retail space located?
The property is located at 5144 W Chicago Avenue Chicago, IL.
What are key features of this property?
This property features: Full basement beneath a single‑story retail property; High ceilings and central air; Brick and concrete construction
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