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Midway Airport Parking Opportunity
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5920 S Central Avenue, Chicago, IL 60638

Paved, fenced parking lot near Midway Airport.

Property SizeContact for details
Days on Market318

Property Features for 5920 S Central Avenue

General Information

Standard status Active
Property subtype Land
Listed By: Terry Lynch, SIOR
Source: Darwinpw
Added: Nov 21, 2025 Changed: Sep 11 Last Checked: Oct 5 at 4:38PM

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 Terry Lynch, SIOR

Investment Insights

Based on property information with market context.

This fenced and paved lot, currently striped for 62 parking spots, is located adjacent to the Central Avenue Gate at Midway Airport and across the street from Midway International Airport. The property includes parking lot light poles. Zoning allows for Airport Parking Operation.

Key Highlights

  • Adjacent to Central Avenue Gate at Midway Airport.
  • Zoning allows for Airport Parking Operation.
  • Across the street from Midway International Airport.

Property Analytics

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Current Use

Parking lots & garages

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Daycare Center Garden Center

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

518
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
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Similar Off Market Nearby

  • Lux Ride Company — 5049 W 63rd St, Chicago, IL 60638
  • Central Auto Services — 6214 s central ave, chicago, il 60638
  • Midway Storage & Truck Rental (Drive-up units easy access) — 5660 W 55th St, Chicago, IL 60638
  • Kasia Insurance — 6018 S Archer Ave, Chicago, IL 60638
  • U-Haul Neighborhood Dealer — 5660 W 55th St, Chicago, IL 60638

Frequently Asked Questions

What type of property is this?
Parking lot & garage - Paved, fenced parking lot near Midway Airport.
Where is this parking lot & garage located?
The property is located at 5920 S Central Avenue Chicago, IL.
What are key features of this property?
This property features: Adjacent to Central Avenue Gate at Midway Airport.; Zoning allows for Airport Parking Operation.; Across the street from Midway International Airport.
More about this property
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