5214 Western Ave Chicago, IL 60625
- Office Properties & Spaces
Current Use by Public Records
- Dr. Mylene O. Hilo, DMD / Dental Office
- Freedman Linda S MD / Foster Care Service / Social Service Agency
- Dr. Alexander Mylonas / Physician / Medical Clinic
- Shoshana Kahn MSW, LCSW / Psychotherapist
- M. Yvette Fruscione / Counselor / Practitioner Service Location
Property Details for 5214 Western Ave
- Property type
- Office Properties & Spaces
- Property subtype
- Land
Description
This ±9,000 square foot office building, situated on a 0.23-acre lot at 5214 N Western Ave, Chicago, IL 60625, presents a compelling investment opportunity. The three-level property currently houses 15 office units with 77% occupancy. Features include ample dedicated rear parking, excellent street visibility, and individually metered electricity for each unit. The building boasts newly renovated hallways and a lobby (2023). The property offers significant redevelopment potential, aligning with ongoing 40th Ward infrastructure projects commencing in 2024 and the Western Avenue Corridor Study implementation. Its location offers convenient access to public transportation via the CTA and proximity to new mixed-use developments along the Western Avenue corridor. The asking price is $1,250,000. This versatile property is ideal for investors seeking a strong return and the opportunity to capitalize on the revitalization of the Lincoln Square neighborhood. Customizable private suites are available.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6894
- Latitude
- 41.9765
