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5451 Western Ave Chicago, IL 60625

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11-Acre Commercial Land, Chicago

Property Features for 5451 Western Ave

General Information

Property type
Land
Lot Size
493,012 SF

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Listing Contact
David Kimball
David Kimball

Listing Agency: Transwestern Chicago Listing Agent: David Kimball

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 11.318-acre commercial land site presents a unique development opportunity in Chicago's desirable Andersonville/Lincoln Square neighborhood. Zoned RM-5, the property boasts significant frontage on Western Avenue (536 feet) and Bowmanville (700 feet), ensuring high brand visibility. The site is deed-restricted to specific uses, including schools (public or private), retirement homes, nursing homes, healthcare facilities, and places of worship. With a permitted floor area ratio (FAR) of 2.0, a potential 986,094 square feet of buildable area is possible. Conveniently located 0.88 miles from the CTA Brown Line Western stop, this property benefits from excellent transit access. Currently tax-exempt, the land is level and above grade, including two large sheds and a 2,500-square-foot house. The property is divisible into parcels of approximately 3 acres or more. Located within the Devon/Western Tax Increment Financing (TIF) district (expiring in 2023), this site offers significant potential for developers seeking a prime location in a thriving community. The asking price is $17,256,645, or $35 per square foot. APN: 14-07-100-002, 14-07-104-001, 14-07-104-015, 14-07-104-016. The property is situated in the 40th Ward (Alderman Andres Vasquez).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6892651
Latitude
41.980463

FAQs

What type of property is this?
Land - 11-Acre Commercial Land, Chicago
Where is this land located?
The property is located at 5451 Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $17,256,645.
What are key features of this property?
This property features: 11.318-acre commercial land site divisible into parcels of 3+ acres.; Located in Chicago's Andersonville/Lincoln Square neighborhood.; RM-5 zoning.
(312) 558-3858 Call to check price and availability
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