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    5235 N Western Ave Chicago, IL 60625

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    For Sale
    $375,000

    2,099 SF commercial condo in mixed-use building, built in 2023.

    Property Features for 5235 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2024

    Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lincoln Square Commercial Condo For Sale

    This 2,099 square foot commercial condo is for sale in Lincoln Square. The unit includes one indoor parking space and is delivered in vanilla box condition. Constructed in 2023, the property is part of an 18-unit mixed-use building. Situated along Western Avenue, the location benefits from high traffic, with approximately 30,100 vehicles passing daily. The space features an open layout suitable for various uses, including retail, office, medical, or professional services. Floor-to-ceiling windows provide natural light, and a fire sprinkler system is installed for safety. Located a short distance north of central Lincoln Square, the property is near tree-lined streets, cafes, boutiques, and entertainment options. The Western Brown Line station is a 14 minute walk away.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.688823
    Latitude
    41.977218

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    FAQs

    What type of property is this?
    Retail space - 2,099 SF commercial condo in mixed-use building, built in 2023.
    Where is this retail space located?
    The property is located at 5235 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High-traffic location on Western Avenue (30,100 vehicles per day).; - Flexible, open 2,099 SF space suitable for retail, office, medical, or professional service uses.; - New construction (2024) vanilla box delivery in a mixed-use building.
    (773) 736-3600
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    5235 N Western Ave Chicago, IL 60625
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    Chicago, IL 60625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5235 N Western Ave Chicago, IL 60625
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