Lincoln Square | ±0.23 AC Foster-Western Opportunity

$1,250,000

5214 N. Western Avenue, Chicago, IL 60625

For Sale

Office Building

Active

Last Updated: 03/30/2025

Details:

Cap Rate: 2.46%

NOI: $30,748.85

Building Size: 9,000 sqft

Lot Area: 0.23 acres

Class: C

Units: 15

Year Built: 1961

Floors: 3

Offered by

Karen Kulczycki

Senior Advisor

SVN | Chicago Commercial

#IL #475-020279

Request Info to Unlock

Highlights:

±9,000 SF Office Building on 0.23 AC
15 Office Units | 3 Levels | 80% Occupied
Redevelopment Opportunity | 40th Ward
Newly Renovated | Rear Parking
Great Visibility | Individual Electric Meters

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.

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.