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5601 S Western Ave 0.54 Acres of Commercial Land Offered at $550,000 in Chicago, IL 60636
INVESTMENT HIGHLIGHTS
- Former Car Dealership
- 23,000+ SF Site
- Densely Populated Area
- Many National & Regional Retailers in the Immediate Area
- Heavy Traffic Counts on Western Ave
- 2 Lots Included in Sale
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $550,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.54 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | C2-2 | ||
| Price | $550,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.54 AC |
| No. Stories | 1 |
| Zoning | C2-2 |
1 LOT AVAILABLE
Lot 10-16
| Price | $550,000 | Lot Size | 0.54 AC |
| Price Per AC | $1,018,518.52 |
| Price | $550,000 |
| Price Per AC | $1,018,518.52 |
| Lot Size | 0.54 AC |
DESCRIPTION
23,375sf site located at the southeast corner of 56th St. & Western Ave. The site is currently zoned C2-2, which allows for a variety of uses. Property consists of 2 sites separated by an alley. The site was formerly occupied by a used car dealer. Currently, there are 2 structures on the site that were occupied by a used car dealer. Buildings could be renovated or torn down to accommodate a new development. The immediate area consists of many national and regional retailers, such as Dollar Tree, Dunkin Donuts, KFC, Advance Auto Parts, and a variety of independently owned retail, auto service businesses, and new/used car dealers. The neighborhood to the immediate east and west of Western Ave. is densely populated with single and multifamily residences.
PROPERTY TAXES
| Parcel Number | 20-18-107-015-0000 | Improvements Assessment | $22,977 |
| Land Assessment | $7,875 | Total Assessment | $30,852 |
PROPERTY TAXES
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5601 S Western Ave
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