4500 Western Ave Chicago, IL 60609
This exceptional 18,350 square foot retail property, located at 4500 S Western Ave in Chicago, IL (zip code 60609), presents a remarkable investment opportunity. Situated on a prominent corner lot (.25-.49 acres) at the southwest intersection of 45th and Western Avenue, this B-3 zoned property boasts unparalleled visibility and accessibility. With over 43,000 vehicles passing daily, this location offers exceptional exposure for a variety of commercial ventures. The property's dimensions measure 133 feet wide on Western Avenue and 138 feet deep. Pre-existing site plans are available for an 8,200 square foot retail space or a 4,880 square foot restaurant/coffee shop/ice cream parlor with a drive-through. The property's strategic location across from a Home Depot and Walgreens, coupled with nearby new developments, ensures high foot and vehicle traffic. This prime location is ideal for multi-unit developments, shopping centers, franchise businesses, mixed-use properties, or gas stations. The asking price is $429,900. Multiple parcel numbers are associated with this property: 19014200870000, 19014200880000, 1901420089000, and 19014420090000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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