4839 N Western Ave
Chicago, IL 60625
Retail Property For Sale

EXECUTIVE SUMMARY
The subject property is located at 4837-4839 North Western Ave., Chicago, IL 60625 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment/owner-user and potential future development/re-development opportunity. This is an urban mixed-use (retail/residential) building located in Chicago’s dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-1 and situated in a mixed commercial and residential city setting. It features a two-story building, ±11,200 SF GLA, and ±5,821 SF or (0.134 AC) rectangular-shaped site. The property is located on "Western Avenue (North)" - Tax Increment Financing District with reference Number: T-84. The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in the Lincon Square district.
DEMOGRAPHICS & LOCATION
The Property’s demographics are outstanding. Within 1 mile, the median HH income is $85,981+. A total population of 55,776+ live within 1 mile. The subject property is located on Chicago's Northside, Lincoln Square (a small town in the big city!) within immediate distance to all top-rated vibrant restaurants, nightlife, breweries, trendy cafes, a wide variety of independent shops, Old Town School of Music, new developments, close-proximity to multiple Divvy bike stations, CTA, and Western brown line stop. Additionally, Lincoln Square was founded by German immigrants in the 1840s and is defined by modest homes and leafy streets. Lincoln, Western, and Lawrence avenues have German restaurants and bars that feature traditional food and beer, and there are plenty of Bavarian-style bakeries and shops as well.