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    5425 Chicago Ave Chicago, IL 60651

    Sponsored
    For Lease
    $32 SF/Yr ($14,994 /Mo)

    Austin Neighborhood Retail Space Available

    Lot size:
    5,623 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,623 square foot retail and office strip center, built in 2010, presents a prime opportunity. Located at 5425-5433 W Chicago Ave, at the corner of Lotus Avenue, in Chicago's vibrant Austin neighborhood, this single-story building boasts high visibility and accessibility. Currently, a 1,098 square foot white box space is available, offering a blank canvas for customization. The space features a 14-foot ceiling height and a convenient rear restroom. The property includes a substantial 20-car parking lot, ensuring ample parking for customers and employees. The building is part of a thriving four-tenant center, with established co-tenants including McDonald's, Dollar General, and Family Dollar, creating a synergistic retail environment. The B3-1 zoning allows for a variety of commercial uses. This location benefits from excellent access and visibility, making it an ideal space for a variety of businesses seeking a high-traffic location in a well-established neighborhood. The property's newer construction (10 years old) ensures modern amenities and low maintenance costs. This is a rare opportunity to secure a well-positioned retail space in a high-density retail corridor. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 5425 Chicago Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,623 SF
    Total Rate
    14994.67

    Building Details

    Year Built
    2010
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 5425
    Size
    1,098 SF
    Rate per SF
    $32

    HighLights

    • 1,098 SF of available retail space in a 5,623 SF strip center.
    • High‑density retail corridor location on Chicago Ave in Chicago's Austin neighborhood, at the corner of Lotus Ave.
    • Excellent visibility and access, with a 20‑car parking lot.
    • Ten‑year‑old building with four tenants.
    • Strong co‑tenancy with McDonald's, Dollar General, and Family Dollar.
    • B3‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -87.762134811894
    Latitude
    41.894723628316

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    FAQs

    What type of property is this?
    Neighborhood center - Austin Neighborhood Retail Space Available
    Where is this neighborhood center located?
    The property is located at 5425 Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 1,098 SF of available retail space in a 5,623 SF strip center.; High-density retail corridor location on Chicago Ave in Chicago's Austin neighborhood, at the corner of Lotus Ave.; Excellent visibility and access, with a 20-car parking lot.
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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
    5425 Chicago Ave Chicago, IL 60651
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