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Retail Space at Gas Station

5150 W Chicago Avenue, Chicago, IL 60651

For Lease
New
Contact for pricing

Commercial Lease, Chicago, IL

Space SizeContact for details
Lot Size0.38 Acres
Days on Market4

Property Features for 5150 W Chicago Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions Chicago Ave. at Laramie Ave West of Cicero Ave. and east on Central Ave.
Subdivision CHI - Austin
Standard status Active
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Cooling system Central Air

Building Details

Year built 1946
Floors in Building 1
Number of units 1
Building materials Brick
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# 12800263

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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Investment Insights

Based on property information with market context.

Retail space is available within a gas station property at 5150 W Chicago Avenue. The building dates to 1946, has brick construction, and is equipped with central air conditioning. The parcel covers 0.3817 acres.

The property is at W Chicago Avenue and Laramie Avenue, where the streets meet at a traffic signal. Nearby context includes residential areas, local retail and restaurants, and everyday services. Area roadways and public transportation provide access to the surrounding West Side communities.

Key Highlights

  • Retail space within a gas station property
  • At the signalized intersection of W Chicago Avenue and Laramie Avenue
  • 0.3817‑acre parcel

Property Analytics

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

Current Use

LARAMIE CITGO Gas Station

Suggested Use

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

1,155
Businesses Nearby
56k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 40%
McDonald's Dining
21,496 visits/mo 0.1 miles
Dunkin' Donuts Dining
9,613 visits/mo 0.1 miles
Citgo Shops & Services
9,527 visits/mo 0.1 miles
Family Dollar Shops & Services
5,734 visits/mo 0.2 miles
Dollar General Shops & Services
5,708 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 - The available unit is part of a gas station property at a signal-controlled intersection.
Where is this retail space located?
The property is located at 5150 W Chicago Avenue Chicago, IL.
What are key features of this property?
This property features: Retail space within a gas station property; At the signalized intersection of W Chicago Avenue and Laramie Avenue; 0.3817‑acre parcel
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