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Redevelopment Retail Building
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5201 W Madison St, Chicago, IL 60644

Fee-simple sale of a retail building with prior banking use, totaling 1,962 square feet on 0.33 acres.

Property Size1,962 SF
Lot Size0.33 Acres
Days on Market122

Property Features for 5201 W Madison St

General Information

Standard status Active
Size 1,962 SF
Lot size 0.33 Acres
Property subtype Retail
Listing Agency: Mid-America Real Estate
Listed By: George Ghattas · License #IL 475135588
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 7:49PM

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 Mid-America Real Estate

Investment Insights

Based on property information with market context.

This offering presents a fee simple interest in a retail building located at 5201 W Madison St, Chicago, IL. The site totals 0.33 acres and includes an existing 1,962 square foot building that was formerly used as a banking facility.

The property is described as lending itself to future redevelopment, with the existing building on site serving as part of the redevelopment platform.

The asset is being marketed by Mid-America Real Estate Corporation on behalf of the owner for sale.

Key Highlights

  • Fee‑simple sale of a retail building at 5201 West Madison Street, Chicago, Illinois
  • 0.33‑acre site with an existing 1,962 SF building formerly used as a banking facility
  • Potential for future redevelopment based on the existing building and site

Property Analytics

Current Use

U.S. Bank ATM Atm U.S. Bank Branch Bank

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

1,173
Businesses Nearby
56k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 47% Dining 46% Electronics 6%
McDonald's Dining
23,692 visits/mo 0.3 miles
BP Shops & Services
10,560 visits/mo 0.3 miles
AutoZone Shops & Services
5,310 visits/mo 0.3 miles
U.S. Bank Shops & Services
4,946 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
3,716 visits/mo 0.4 miles

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Bank - Fee-simple sale of a retail building with prior banking use, totaling 1,962 square feet on 0.33 acres.
Where is this bank located?
The property is located at 5201 W Madison St Chicago, IL.
What are key features of this property?
This property features: Fee‑simple sale of a retail building at 5201 West Madison Street, Chicago, Illinois; 0.33‑acre site with an existing 1,962 SF building formerly used as a banking facility; Potential for future redevelopment based on the existing building and site
(630) 954-7398 Call to check price and availability
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