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Rehabilitated Storefront with New HVAC
For Lease
$22 SF/Yr

5723 W IRVING PARK Road, Chicago, IL 60634

Updated commercial space includes a separate HVAC system and a newly installed bathroom.

Space SizeContact for details
Days on Market8

Property Features for 5723 W IRVING PARK Road

General Information

Standard status Active
Property subtype Commercial

Additional Details

Road Access Yes

Amenities

Separate new HVAC system
new bathroom
Central air
Central Air Cooling

Building Details

Year Built 1970
Listing Agency: REXX REAL ESTATE INC.
Listed By: ADRIAN MITOCARU
Source: Corcoran
Added: Aug 5 Changed: Aug 11 Last Checked: Aug 12 at 6:39AM

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 REXX REAL ESTATE INC.

Investment Insights

Based on property information with market context.

This storefront commercial space at 5723 W Irving Park Road has undergone rehabilitation and includes a separate new HVAC system and a new bathroom. The property was built in 1970 and is positioned along Irving Park Road in Chicago, with highway access noted nearby.

Key Highlights

  • Rehabilitated commercial storefront space
  • Separate new HVAC system
  • New bathroom

Property Analytics

Current Use

Favoured Fitness Studio Gym & Fitness Center

Suggested Use

Top Pick Law Firm Garden Center Hotel & Motel Nursing Home Catering Service Cosmetic 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.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,774
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 78% Shops & Services 22%
McDonald's Dining
28,442 visits/mo 0.5 miles
Culver's Dining
23,761 visits/mo 0.4 miles
7-Eleven Shops & Services
12,425 visits/mo 0.4 miles
Enterprise Rent-A-Car Shops & Services
2,160 visits/mo 0.1 miles
Little Caesars Pizza Dining
1,591 visits/mo 0.4 miles

Demographics for 60634, IL

75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.2 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
4,071 SF
Avg Space Size

This space is priced 19% below the average of $27.2 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Updated commercial space includes a separate HVAC system and a newly installed bathroom.
Where is this storefront property located?
The property is located at 5723 W IRVING PARK Road Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Rehabilitated commercial storefront space; Separate new HVAC system; New bathroom
More about this property
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