5061 W Lake Street
Chicago, IL 60644

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Description

5061 W. Lake Street is a 13,500 square foot parcel with two buildings totaling approximately 3,000 square feet feet available for sale via auction. This property is currently rented month-to-month by an automotive shop and generates rent annually. The property is situated along Lake Street in West Garfield Park and is located in the PMD-9 zoning district. The zoning would allow for a variety of uses including automotive and repair shops. This area is undergoing revitalization, attracting investors interested in urban redevelopment and community growth. The property's location offers easy access to major transportation routes, including the CTA Green Line and I-290. With the neighborhood's potential for appreciation, driven by ongoing improvements and community initiatives, this is a great oppportunity for a user or investor. Located on the west side of Chicago, this property is a few blocks from Green Line stations and a short drive from the Eisenhower Expressway. West Garfield Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs. 5061 W. LAKE STREET

Features

• Property Type: Commercial
• Sub Type: Industrial
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60644
• Year Built: 1919
• Sq.Ft.: 3,000 sq ft
• Stories: 1
• Zoning: PMD
• # Of Drive In Doors: 1
• Approximate Age: Older
• Building Area Total: 3000
• Built Before 1978 (Y/N): Yes
• Directions: North Cicero Ave to West Lake Street
• Geographic Locale: Chicago West
• Information: 48-Hr Notice Required
• Lot Size Square Feet: 13500
• Main Type: Commercial Sale
• Property Offered: For Sale Only
• Tax Annual Amount: 11604.5
• Tax Year: 2023
• Township: West Chicago