For Sale
$13,090,000

5301-5323 Western Ave Chicago, IL 60609

308,000 SF, 8.32 Acres, $13M

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • $13,090,000 asking price.
  • 308,000 square foot retail property.
  • $42.50 per square foot.
  • M2 zoning.
  • 8.32-acre lot.
  • $42.50 per square foot land value.

Property Details for 5301-5323 Western Ave

Property type
Retail properties
Square Feet
308,000 SF
Lot Size (sq. ft)
362,419 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7972451
Longitude
-87.6813058

FAQs

What type of property is this?
Retail property - 308,000 SF, 8.32 Acres, $13M
Where is the retail property located?
The property is located at 5301-5323 Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $13,090,000.
What are key features of this property?
This property features: $13,090,000 asking price.; 308,000 square foot retail property.; $42.50 per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5301-5323 Western Ave
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