5214 N Western Ave - Medical FOR SALE


Chicago, IL 60625- Lincoln Square
$1,250,000 USD
630-330-3352
5214 N Western Ave, Chicago, IL for Sale
$1,250,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

5214 N Western Ave
Chicago, IL 60625
Lincoln Square


HIGHLIGHTS

  • ±9,000 SF Office Building on 0.23 AC
  • 15 Office Units | 3 Levels | 90% Occupied
  • Redevelopment Opportunity | 40th Ward
  • Newly Renovated | Rear Parking
  • Great Visibility | Individual Electric Meters

OVERVIEW

Property Description SVN Chicago Commercial is pleased to present the Foster-Western Office Building located at 5214 North Western Avenue, Chicago, IL, 60625. This ±9,000 SF property on 0.23 AC boasts versatile floor plans, 15 Units on three levels, with ample. dedicated rear parking, superb visibility, electric separately metered, and customizable private suites. Newly renovated lobby and hallways in 2023. Full Building Redevelopment Opportunity. Nearby to new mixed-use project developments along the Western Avenue corridor and steps to the CTA. 40th Ward infrastructure projects starting in 2024, Western Avenue Corridor Study implementation. Location Description Situated in the heart of Lincoln Square, this area offers a blend of modern amenities and historic charm. A walker's paradise (91 out of 100) with nearby Winnemac Park, Kempf Plaza, and Vogle Park. N. Western Avenue and W. Foster Avenue, are approximately 10 miles north of Chicago, with Edgewater to the north and Uptown to the south. CTA bus options, nearby Western Station Brown Line, Union Pacific Ravenswood Station, and new Peterson/Ridge Avenue Metra.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

13-12-233-032-0000

ASK ABOUT THIS PROPERTY

Karen KulczyckiSVN | Chicago CommercialMore Info
630-330-3352

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Karen KulczyckiSVN | Chicago CommercialMore Info
630-330-3352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.