5357 Addison StChicago, IL 60641

Property Details for 5357 Addison St

Year built

1938

Lot size

0.18 AC

Property size (Sq ft)

1,200 SF

Property type

Auto shops

APN

13-21-302-001

APU

1321302001

Description

This exceptional 11,813 square foot commercial land parcel presents a unique investment opportunity in Chicago's vibrant Portage Park submarket of Cook County. Situated at a high-traffic intersection on the northwest side, this in-fill lot boasts over 14,400 vehicles passing daily, ensuring high visibility and accessibility for any future development. The property's single-tenant zoning allows for a variety of potential uses, offering considerable flexibility for developers. Envision a drive-thru restaurant, retail auto facility, or medical office building – the possibilities are numerous. The site's strategic location benefits from a dense residential population providing a strong customer base, complemented by significant commercial daytime traffic. This prime location offers developers the chance to capitalize on a thriving area with strong potential for return on investment. The substantial lot size provides ample space for a sizable development, catering to a range of building designs and operational needs. This is an exceptional opportunity to acquire a well-positioned commercial land parcel in a highly desirable Chicago neighborhood. The high traffic count and diverse potential uses make this property an attractive investment for discerning developers seeking a strong foothold in a growing market. Don't miss this chance to secure this exceptional development opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $530,993

  6.5%

  $490,148

  7%

  $455,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,876

  Geo Method

  $393,876

• Alternative Use

  Use

  Valuation

  Residential

  $413,458

  Hospitality

  $378,725

  Educational

  $315,095

  Medical

  $325,931

  Retail

  $490,148

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9457

Longitude

-87.7616

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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