Two-Story Mixed-Use
New
For Sale
$525,000
8503-8509 Fernald Avenue, Morton Grove, IL 60053
Commercial Sale, Morton Grove, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market2
Property Features for 8503-8509 Fernald Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Dempster to Fernald Ave, South to Property.
Subdivision
Morton Grove
Standard status
Active
APN
10201140490000
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
31115
Building Details
Year built
1910
Floors in Building
2
Number of units
8
Building materials
Vinyl Siding
Listing Agency:
Compass
(312) 206-3787
Listed By:
Tim Lorimer · License #475175866
(630) 546-0254
Added: Oct 12
Last Checked: Oct 13 at 4:06AM
MLS# 12780506
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use building contains three commercial spaces at ground level and residential accommodations above. Vinyl siding is reported, and the property was built in 1910. The 0.1478-acre site is zoned COMMR. Some renovation work has been completed, and the property is being sold as-is; buyers are responsible for verifying permitted uses, zoning requirements, and the status of existing improvements.
The property is less than one mile from the Morton Grove Metra Station and one mile from the I-94 four-way interchange. Austin Park, shopping, dining, and public transportation are also identified nearby.
The property is less than one mile from the Morton Grove Metra Station and one mile from the I-94 four-way interchange. Austin Park, shopping, dining, and public transportation are also identified nearby.
Key Highlights
- Two‑story configuration with three ground‑floor commercial spaces and residential accommodations above
- 0.1478‑acre site zoned COMMR
- Built in 1910; vinyl siding
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
McDonald's
Dining
22,152 visits/mo
0.4 miles
Mobil
Shops & Services
2,987 visits/mo
0.4 miles
The UPS Store
Shops & Services
2,739 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
1,881 visits/mo
0.4 miles
Demographics for 60053, IL
25,297
Population
9,546
Households
2.7
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
5.1 sq mi
ZIP Area
4,960
Density / Sq Mi
$106,078
Median Household Income
$61,315
Median Earnings
$2,210
Median Rent
$377,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three ground-floor commercial spaces are paired with residential accommodations on the upper level.
Where is this mixed-use property located?
The property is located at 8503-8509 Fernald Avenue Morton Grove, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story configuration with three ground‑floor commercial spaces and residential accommodations above; 0.1478‑acre site zoned COMMR; Built in 1910; vinyl siding
