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Property profile & analytics
OFF-MARKET
Commercial real estate

4500 Western Ave Chicago, IL 60609

18,350 SF 0.25 ac lot
Property ID
US28-0087394
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 18,350 SF
Lot 0.25 ac (10,890 SF)
APN 19014200870000
UPID US28-0087394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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