5214 N Western Ave
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5214 N Western Ave
7,440 SF 89% Leased Office Building Chicago, IL 60625 $1,250,000 ($168/SF)
Investment Highlights
- ±9,000 SF Office Building on 0.23 AC
- Redevelopment Opportunity | 40th Ward
- Great Visibility | Individual Electric Meters
- 15 Office Units | 3 Levels | 90% Occupied
- Newly Renovated | Rear Parking
Executive Summary
Property 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.
Location Description
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.
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.
Location Description
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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,440 SF
Building Class
C
Year Built
1961
Price
$1,250,000
Price Per SF
$168
Percent Leased
89%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,480 SF
Slab To Slab
10’
Building FAR
0.74
Lot Size
0.23 AC
Parking
10 Spaces (1.21 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3 Offices
+/- 386 SF First Floor Office | Reception Private Restroom
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 108 | 439 SF | Office | - | Now |
| 1st Fl-Ste Unit 151 | 386 SF | Office | - | Feb 2025 |
1st Fl-Ste 108
| Size |
| 439 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Unit 151
| Size |
| 386 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Feb 2025 |
1st Fl-Ste 108
| Size | 439 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
3 Offices
1st Fl-Ste Unit 151
| Size | 386 SF |
| Space Use | Office |
| Condition | - |
| Available | Feb 2025 |
+/- 386 SF First Floor Office | Reception Private Restroom
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 13-12-233-032-0000 | Improvements Assessment | $140,336 |
| Land Assessment | $86,914 | Total Assessment | $227,250 |
PROPERTY TAXES
Parcel Number
13-12-233-032-0000
Land Assessment
$86,914
Improvements Assessment
$140,336
Total Assessment
$227,250
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5214 N Western Ave
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