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Mixed-Use Interior Space
New
For Lease
$19 SF/Yr

5501 W Montrose Avenue #C, Chicago, IL 60641

Gutted premises offer negotiable build-out for retail, office, restaurant, or storefront uses.

Days on Market4

Property Features for 5501 W Montrose Avenue #C

General Information

Standard status Active
Property subtype Commercial

Space & Availability

Space Use Mixed Use
Condition Shell

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1927
Listing Agency: COLDWELL BANKER REALTY
Listed By: BRETT VOGEL
Source: Corcoran
Added: Jul 30 Changed: Aug 2 Last Checked: Aug 2 at 5:55AM

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

This mixed-use space at 5501 W Montrose Avenue #C is delivered in gutted condition, allowing the build-out approach to be negotiated around the intended commercial use. Retail, office, restaurant, and storefront applications are identified for the premises.

The property was built in 1927 and is located at a busy intersection in Chicago’s 60641 ZIP code. Build-out terms can be discussed as part of structuring the lease.

Key Highlights

  • Gutted mixed‑use space at 5501 W Montrose Avenue #C
  • Negotiable build‑out terms
  • Retail, office, restaurant, and storefront uses identified

Property Analytics

Current Use

Elite Physique Fitness ... Gym & Fitness Center Woori Taekwondo & Hapkido ... Training Center Simply Custom (Bike/Boat/Book/etc) Store diversified home care Home Health Care Service Integrated Consulting & Management ... Consultant

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Cosmetic Store Hotel & Motel Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,697
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
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?
Mixed-use property - Gutted premises offer negotiable build-out for retail, office, restaurant, or storefront uses.
Where is this mixed-use property located?
The property is located at 5501 W Montrose Avenue #C Chicago, IL.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Gutted mixed‑use space at 5501 W Montrose Avenue #C; Negotiable build‑out terms; Retail, office, restaurant, and storefront uses identified
More about this property
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