Listing Agency: Newmark | Chicago - 500 West Monroe St. j***@nmrk.com Show Phone

Listed By: Jim Postweiler Show Phone

Source: Nmrk

Added: Apr 8 Changed: Aug 22 Last Checked: Aug 23 at 3:13AM

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Investment Insights

Based on property information with market context.

The property at 5501-5523 North Cumberland Avenue, Chicago, IL 60656, is an office building available for sale.

Key Highlights

• The property is located at 5523 North Cumberland Ave.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Cosmetic Store Nail Salon Florist

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

2,100

Businesses Nearby

Explore this area Business Placement

Demographics for 60656, IL

28,474

Population

12,840

Households

2.2

Avg Household Size

40

Median Age

42%

College-Educated

92%

High-School Grad

3.2 sq mi

ZIP Area

8,898

Density / Sq Mi

$88,000

Median Household Income

$54,639

Median Earnings

$1,388

Median Rent

$344,400

Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building for sale on North Cumberland Avenue.

Where is this office building located?

The property is located at 5501-5523 North Cumberland Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $20,000,000.

What are key features of this property?

This property features: The property is located at 5523 North Cumberland Ave.