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615 5Th Ave Maywood, IL 60153

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For Sale
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Prime Retail Land, High-Growth Area

Property size:
22,000 SF

Property Features for 615 5Th Ave

General Information

Property type
Land
Square Feet
22,000 SF
Class
B

Building Details

Buildings
1
Stories
2

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Listing Contact
David McLennan
David McLennan

Listing Agency: Pearson Group LLC Listing Agent: David McLennan

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a vacant, 22,000-square-foot retail building situated on a substantial 61,207-square-foot lot in the Village of Maywood, Illinois. The property, located at 615 S. 5th Ave, boasts 200 feet of frontage on 5th Avenue, at a busy intersection with Washington Boulevard. Previously occupied by Maywood Market, the building still contains operational refrigeration equipment. Ample paved parking is available on the west and north parcels. This C-2 zoned property offers significant value-add potential, especially considering the recent groundbreaking of a new five-story mixed-use development directly across the street. This new development will include 4,500 square feet of ground-level retail and 68 residential units, significantly increasing foot traffic and demand in the immediate vicinity. The asking price is $450,000, translating to $20.45 per square foot for the building and $12 per square foot for the land. The property consists of three contiguous lots and presents a unique chance to capitalize on the revitalization of this central Maywood location. The building is a two-story Class B structure, and the occupancy date is April 1, 2020. This is a rare opportunity to acquire a substantial retail property in a rapidly developing area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

O’Donnell Heating & Air ... HVAC Service

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Maywood
County
Cook
State
Illinois
Longitude
-87.8388371
Latitude
41.8789589

FAQs

What type of property is this?
Land - Prime Retail Land, High-Growth Area
Where is this land located?
The property is located at 615 5Th Ave Maywood, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $450,000 asking price for a value-add retail and land development opportunity.; 22,000 square foot building on a 61,207 square foot lot, with a $20.45 price per square foot.; Located at 615 S 5th Ave, Maywood, IL 60153, in Cook County.
(773) 325-2800 Call to check price and availability
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