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    5100 Damen Ave Chicago, IL 60609

    Sponsored
    For Lease
    $25 SF/Yr ($10,983 /Mo)

    5,272 SF Office, High Traffic

    Lot size:
    5,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,272-square-foot free-standing commercial building is ideally situated at the southwest corner of 51st Street and Damen Avenue in Chicago, Cook County. Built in 1976, this single-story structure boasts a prime location with high visibility and significant daily traffic—an estimated 22,500 vehicles pass the intersection daily. The property features ample parking with 25 spaces, making it highly convenient for employees and clients. Previously occupied by a bank, the building offers unique features including a vault on each floor and a fully built-out basement with additional office space. The main floor comprises five fully built-out offices, ready for immediate occupancy. The building is exceptionally well-maintained and zoned B3-1. This presents a rare opportunity to lease a fully functional, high-traffic commercial space in a desirable Chicago location. The property's unique history and convenient amenities make it an attractive option for a variety of businesses. The substantial parking and fully built-out office spaces minimize upfront tenant improvement costs. This is a turnkey solution for a business seeking a high-profile location with immediate occupancy.

    Property Features for 5100 Damen Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,272 SF
    Total Rate
    10983.33

    Building Details

    Year Built
    1976
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,272 SF
    Rate per SF
    $25

    HighLights

    • 5,272 SF single‑tenant retail/office building in Cook County.
    • Building features 25 parking spaces.
    • Located at a high‑traffic intersection (51st St & Damen Ave) with 22,500 vehicles passing daily.
    • Features a fully built‑out basement and 5 offices on the ground floor.
    • Includes a vault on each floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chicago Dog Pads Dog Park X&Pchimneycleaning Services Chimney Sweep

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -87.674546623126
    Latitude
    41.801077999936

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    FAQs

    What type of property is this?
    Office Property / Space - 5,272 SF Office, High Traffic
    Where is this office property / space located?
    The property is located at 5100 Damen Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 5,272 SF single-tenant retail/office building in Cook County.; Building features 25 parking spaces.; Located at a high-traffic intersection (51st St & Damen Ave) with 22,500 vehicles passing daily.
    Request Owner's contact information
    5100 Damen Ave Chicago, IL 60609
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    Chicago, IL 60609
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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
    5100 Damen Ave Chicago, IL 60609
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