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    5256 Broadway St Chicago, IL 60640

    Sponsored
    For Sale
    $2,500,000

    Chicago Retail & Residential Opportunity

    Property size:
    8,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8,292 square foot mixed-use building at 5256 N. Broadway St., Chicago, IL 60640, is offered for sale for the first time in over 40 years. Boasting a prime Edgewater location with a Walk Score of 95 and a Transit Score of 76, this masonry structure presents a unique redevelopment opportunity. Currently housing tenants including About Face Theatre, Greene & Proppe Design, Inc., American Family Insurance, and Help At Home, the property is zoned B1-2, allowing for a variety of uses. The building's exterior is in excellent condition, providing a solid foundation for a transformative project. Imagine modern residential units above vibrant street-level retail and restaurant spaces. This is a chance to create a truly unique living, shopping, and dining destination in a thriving neighborhood. The asking price is $2,500,000. A video showcasing the property is available online. This is a rare opportunity to acquire a piece of Chicago real estate with significant potential for growth and return on investment. Don't miss this chance to own a piece of Edgewater's vibrant future.

    Property Features for 5256 Broadway St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,292 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    PrintWithMe Print Kiosk ... Copy Shop The Lost Hours Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6602319
    Latitude
    41.9779763

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    FAQs

    What type of property is this?
    Mixed-use property - Chicago Retail & Residential Opportunity
    Where is this mixed-use property located?
    The property is located at 5256 Broadway St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
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    5256 Broadway St Chicago, IL 60640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5256 Broadway St Chicago, IL 60640
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