5301-5323 Western Ave Chicago, IL 60609
This exceptional retail property, located at 5301-5323 S. Western Ave in Chicago, Illinois (zip code 60609), presents a significant investment opportunity. The property boasts a substantial 308,000 square feet of retail space situated on a generous 8.32-acre lot. The asking price is $13,090,000, translating to $42.50 per square foot. This price point also reflects a land value of $42.50 per square foot. The property is zoned M2, offering flexibility for a variety of retail uses. Convenient on-site parking is provided for 100 vehicles. The property's prime location in Cook County, Chicago, offers excellent visibility and accessibility, making it an ideal location for a thriving retail business or portfolio addition. This substantial property presents a rare opportunity to acquire a large-scale retail center in a high-traffic area of Chicago. The property's size and zoning provide significant potential for future development and expansion. Detailed financial information and property specifics are available upon request. This is a must-see for serious investors seeking a high-return retail investment in a dynamic Chicago market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.