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    5235 N Western Ave, Unit COMMERCIAL Chicago, IL 60625

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    For Sale
    $695,000

    4,024 SF commercial condo with parking in Lincoln Square.

    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 Opportunity

    This 4,024-square-foot commercial condo is located along Western Avenue, which sees 30,100 vehicles per day. The space features a flexible, open layout suitable for retail, office, medical, or professional service uses. The property includes floor-to-ceiling windows, providing natural light, and a fire sprinkler system. It also features two indoor heated parking spaces plus one outdoor space. The condo is located five minutes north of Lincoln Square, a neighborhood known for its tree-lined streets and mix of cafes, boutiques, and entertainment.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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?
    Commercial land - 4,024 SF commercial condo with parking in Lincoln Square.
    Where is this commercial land located?
    The property is located at 5235 N Western Ave, Unit COMMERCIAL Chicago, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - 4,024 SF Vanilla Box Commercial Condo; - High-Traffic Location on Western Avenue (30,100 Vehicles Per Day); - Flexible, Open Layout Suitable for Various Uses (Retail, Office, Medical, etc.)
    Request Owner's contact information
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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, Unit COMMERCIAL Chicago, IL 60625
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