Two-Story Mixed-Use
For Sale
$525,000
8503-8509 Fernald Avenue, Morton Grove, IL 60053
Three ground-level commercial units are paired with residential space on the upper floor.
Property Size5,288 SF
Price / SF$99.28
Days on Market16
Property Features for 8503-8509 Fernald Avenue
General Information
Standard status
Active
Size
5,288 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Highway Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$31,115
Building Details
Building Size
5,288 SF
Year Built
1910
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Tim Lorimer · License #475175866
(773) 482-1917
Source:
Fishmangroup
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 26 at 3:47AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level property combines three commercial spaces on the ground floor with residential accommodations above. Some renovation work has been completed, and the property is offered in its current condition. The zoning designation is COMMR.
8503-8509 Fernald Avenue is less than one mile from the Morton Grove Metra Station and one mile from the I-94 interchange. Austin Park, retail and dining options, and public transportation are also nearby.
8503-8509 Fernald Avenue is less than one mile from the Morton Grove Metra Station and one mile from the I-94 interchange. Austin Park, retail and dining options, and public transportation are also nearby.
Key Highlights
- Three commercial spaces at ground level with residences above
- Two‑story building constructed in 1910
- Less than one mile from the Morton Grove Metra Station
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway 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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three ground-level commercial units are paired with residential space on the upper floor.
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: Three commercial spaces at ground level with residences above; Two‑story building constructed in 1910; Less than one mile from the Morton Grove Metra Station
