5155 N Broadway St
Chicago, IL 60640
SEC Foster & Broadway · Retail Property For Sale

Incredible redevelopment or rehab opportunity on a prime corner mixed-use site in Uptown/Edgewater just east of Andersonville. The tenants are month-to-month but the $107,000 in gross income could allow the new owner to keep the tenants in place until they are ready to build new. Rents are under market. The C2-3 zoning permits commercial on the first floor and residential on the upper floors with the potential for increased density and reduced parking under the TOD ordinance. The property is also within the Lawrence/Broadway TIF District which expires in 2025. It is an ideal location one block south of the CTA red line Berwyn stop, ½ mile west of Lake Shore Drive and the Lakefront and ½ mile east of the Andersonville Clark Street commercial corridor. The Broadway corridor has been active with new commercial and residential developments. Co-tenancy within ¼ mile includes CVS, Chipotle, PetSmart, Jewel, Mattress Firm, Subway, Dunkin Donuts, Advocate Health Center and O’Reilly Auto Parts in addition to many local restaurants and shops. The area has strong demographics, density and traffic counts. Drive by and please do not disturb the tenants.