Mixed-Use Property with Retail
518-522 S Western Ave, Chicago, IL 60612
For Sale
Contact for pricing
The property supports a retail component with residential units planned above.
Property SizeContact for details
Lot Size0.14 Acres
Days on Market14
Property Features for 518-522 S Western Ave
General Information
Standard status
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Baird & Warner
Listed By:
Mitir Patel · License #il 475157343
(773) 209-4785
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:37PM
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 Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 518–522 S Western Ave, the property comprises three parcels totaling 6,132 SF. Its stated development capacity allows for up to 15 residential units above a retail unit. Existing outdoor space is also part of the property, and the site has frontage on Western Avenue.
The property is near the United Center and the Illinois Medical District. The surrounding area includes mixed-use and residential development activity.
The property is near the United Center and the Illinois Medical District. The surrounding area includes mixed-use and residential development activity.
Key Highlights
- Three parcels totaling 6,132 SF
- Capacity for up to 15 residential units above a retail unit
- Western Avenue frontage
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,308
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Burger King
Dining
17,373 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,148 visits/mo
0.4 miles
Shell
Shops & Services
6,179 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
4,649 visits/mo
0.4 miles
Bacci Pizzeria
Dining
2,224 visits/mo
0.4 miles
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property supports a retail component with residential units planned above.
Where is this mixed-use property located?
The property is located at 518-522 S Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three parcels totaling 6,132 SF; Capacity for up to 15 residential units above a retail unit; Western Avenue frontage
