Owner-User / Repositioning Opportunity
Owner-User / Repositioning Opportunity
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 5836 W Chicago Avenue in Chicago, Illinois (the “Property”). The Property is vacant and is improved by a 4,867 square foot single story building on a 5,674 square foot (0.13-acre) parcel of land and is zoned B3-2 Community Shopping District, one of the most versatile zoning designations in the city of Chicago. The Property offers the opportunity to lease the Property as an investment opportunity or to use the Property as an owner-user opportunity.
The Property is well-located along W Chicago Avenue in Chicago’s Austin neighborhood, a high-density, inner-urban core neighborhood 7.5-miles west of Downtown Chicago. The Property is convenient to the area’s primary commercial corridors, W North Avenue and N Cicero Avenue, and offer easy access to the Austin and Central “L” stations on the CTA Green Line and the Hanson Park and Grand/ Cicero Metra Stations on the MD-W line. The high-demand for real estate with proximity to “L” Stations, area schools and primary commercial corridors, make this a great opportunity for an investor seeking an owner-user or repositioning site in Chicago.
Investment highlights
THE ASSET: The Property is vacant and is improved by a 4,867 square foot single story building with a rear patio on a 5,674 square foot (0.13-acre) parcel of land. The location offers 47 feet of frontage along W Chicago Avenue. 5836 W Chicago Avenue is zoned B3-2 Community Shopping District. The Property will be delivered vacant.
REPOSITIONING & VALUE ADD OPPORTUNITY: 5836 W Chicago Avenue is in an attractive location with a strong consumer base. The Property is ideal for an owner- user, or as a repositioning opportunity, taking advantage of the well-trafficked location. Additionally, the B3-2 Community Shopping District Zoning allows for a variety of permitted uses (including but not limited to retail, restaurants, service, automotive, office and residential units on upper floors) providing for a wider range of tenants. Please contact the agent for more details.
TRANSIT ORIENTED LOCATION: The Property is located along the CTA Bus Line with stops for Routes 91 & 66 seconds from the Property along W Chicago Avenue.
The Property is convenient to several “L” stations on the CTA Green line (Austin & Central) and the Hanson Park and Grand/Cicero Metra Stations on the MD-W line.
The Property is positioned along W Chicago Avenue, a primary east-west corridor and is close to N Cicero Avenue (IL Route 50) and W North Avenue (IL Route 64). Interstate 290 is 2 miles south of the Property.
HIGH-DEMAND URBAN LOCATION: The Property is located in Chicago’s Austin neighborhood approximately 7.5 miles west of Downtown Chicago. The Property is positioned along W Chicago Avenue, a prime east west commercial artery, and is surrounded by densely populated residential neighborhoods and area schools.
The Property offers convenient access to national and local retailers and restaurants including Walmart Supercenter, Pete’s Fresh Market, Jewel-Osco, Walgreens, Family Dollar and McDonald’s, all of which drive traffic to the area.
More than 14,700 vehicles pass by the Property each day along W Chicago Avenue.
EXCEPTIONAL DEMOGRAPHICS: More than 47,400 people live within a 1-mile radius of the Property with an average household income of $100,684. More than 385,300 people live within a 3-mile radius of the Property with an average household income of $107,103.
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