615 5th, Maywood, IL 60153
- Retail space
- 0.08 lot acres
Current Use by Public Records
- O’Donnell Heating & Air Conditioning / HVAC Service / General Contractor
Property Details for 615 5th
- Year built
- 1944
- Lot size
- 0.08 lot acres
- Property type
- Retail space
- APN
- 15-11-344-003
- APU
- 1511344003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 31, 2018 | $490,000 | Denny Vo | Cactus Management LLC | Warranty Deed | $396k · Grand Ridge Nat'l Bk |
| Mar 10, 2016 | $230,000 | Cactus Management LLC | Byline Bk | Warranty Deed | $297k · Grand Ridge Nat'l Bk |
| Jun 3, 2013 | — | Metrobank | V & H Managing LLC | Warranty Deed · related | — |
| Jul 30, 2008 | $1,360,000 | V & H Managing LLC | Abu-humos,ibrahim | Warranty Deed | $1.1M · Citizens Community Bank |
| Oct 19, 2007 | $1,050,000 | Ibrahim Abu-humos | Yoo,seung W | Warranty Deed | — |
| Aug 30, 2002 | — | Seung W Yoo | — | Deed Of Trust · related | $1.2M · Mb Financial Bank NA |
| Jul 11, 2002 | $170,000 | Seung W Yoo | First Suburban National Bank | Grant Deed | — |
| — | — | Denny Vo | — | Deed Of Trust · related | $100k · Grand Ridge Nat'l Bk |
Description
This exceptional retail property at 615 S 5th Avenue, Maywood, IL, presents a significant investment opportunity. The 22,000 square foot building sits on a substantial 61,000+ square foot lot, offering ample space for expansion or redevelopment. The property boasts an impressive 200 feet of frontage on 5th Avenue, ensuring high visibility and accessibility. Its strategic location at the busy intersection of Washington Boulevard and 5th Avenue places it in the heart of Maywood. The building's history as a grocery store is evident in the presence of still-functional refrigeration equipment, offering potential for a variety of food-related businesses or easy adaptation for other uses. Extensive paved parking is available on the west and north sides of the structure. This property benefits significantly from its proximity to a new residential development currently under construction directly across the street and one block south. This new development will comprise a five-story building featuring 4,500 square feet of ground-level retail space and 68 residential units above, creating a substantial increase in foot traffic and potential clientele for the property. The three contiguous lots provide flexibility for future development or expansion. This is a rare opportunity to acquire a large, well-located retail property with significant upside potential in a rapidly developing area. The asking price is $450,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Maywood
- County
- Cook
- State
- Illinois
- Longitude
- -87.8386
- Latitude
- 41.8811
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
