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Corner Multi-Unit Retail Office Property
For Sale
$375,000

6501 - 6507 1/2 S Saint Lawrence Avenue, Chicago, IL 60637

Multi-unit corner commercial building with built-out hair salon, office suite, and multiple storefront entrances.

Property Size2,980 SF
Price / SF$125.84
Days on Market144

Property Features for 6501 - 6507 1/2 S Saint Lawrence Avenue

General Information

Standard status Active
Size 2,980 SF
Property subtype Business Opportunity
Zoning COMMR

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $11,000

Building Details

Building Size 2,980 SF
Stories 1
Tenancy Multi
Listing Agency: HomeSmart Realty Group
Listed By: Victoria Lloyd · License #475104124
Source: Birdrealtysells
Added: Mar 23 Changed: Aug 8 Last Checked: Aug 12 at 12:43PM

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 HomeSmart Realty Group

Investment Insights

Based on property information with market context.

This approximately 2,980 SF corner commercial property is configured with five retail/commercial spaces, combining current tenant-ready improvements with additional units suited for customization or redevelopment. The built-out hair salon includes modern styling stations and furnishings, and there is also a professional office suite with a reception and waiting area. Multiple storefront entrances provide flexibility for multi-tenant occupancy, and updated mechanical systems include newer HVAC and a water heater.

The property is located at the high-visibility corner of 65th Street and St. Lawrence Avenue in the Woodlawn redevelopment corridor. The existing mix of space types supports a range of commercial uses, with the three additional units offering opportunities for repositioning into income-producing configurations.

With storefront access, dedicated interior build-outs, and updated mechanicals, the building offers a practical setup for owner-users and investors seeking a versatile, multi-space commercial asset.

Key Highlights

  • Approximately 2,980 SF multi‑unit commercial building on the high‑visibility corner of 65th Street and St. Lawrence Avenue in Chicago’s Woodlawn neighborhood
  • Five retail/commercial spaces with a mix of turnkey occupancy and value‑add redevelopment potential
  • Includes a fully built‑out hair salon with modern styling stations and furnishings

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery Computer & Electronic Repair

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

Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,045
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Multi-unit corner commercial building with built-out hair salon, office suite, and multiple storefront entrances.
Where is this storefront property located?
The property is located at 6501 - 6507 1/2 S Saint Lawrence Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 2,980 SF multi‑unit commercial building on the high‑visibility corner of 65th Street and St. Lawrence Avenue in Chicago’s Woodlawn neighborhood; Five retail/commercial spaces with a mix of turnkey occupancy and value‑add redevelopment potential; Includes a fully built‑out hair salon with modern styling stations and furnishings
More about this property
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