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Two Story Commercial Building 5115 N Ravenswood Ave 10,752 SF 100% Leased Retail Building Chicago, IL 60640 $2,681,172 CAD ($249.37 CAD/SF)
Investment Highlights
- ±11,200 SF commercial building on a 50’ x 125’ lot
- Perfect opportunity to reposition the building into true flex, warehouse, or commissary with office on the second floor
- 8 minute walk to the Ravenswood Metra, 4 min bike / 8 min bus to the Damen Brown Line station
- Desirable Ravenswood Corridor location just off Foster Avenue, near the Clark & Foster intersection in Andersonville
- Three-car garage can be expanded to drive-up door with increased clear height for loading access
Executive Summary
Two-story commercial building situated on a 50' x 125' lot in the Ravenswood Corridor. The property presents a prime opportunity for an owner-user or investor seeking a flexible-use asset in one of Chicago’s most desirable North Side locations.
The first floor consists of 7,400 SF currently built out as office and treatment room space, while the second floor offers 3,600 SF of office space with ample natural light. The building includes a three-car garage, which can be expanded to a drive-up door to increase loading capacity and clear height.
PRICE REDUCTION
The first floor consists of 7,400 SF currently built out as office and treatment room space, while the second floor offers 3,600 SF of office space with ample natural light. The building includes a three-car garage, which can be expanded to a drive-up door to increase loading capacity and clear height.
PRICE REDUCTION
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
10,752 SF
Building Class
C
Year Built
1911
Price
$2,681,172 CAD
Price Per SF
$249.37 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.81
Lot Size
0.14 AC
Zoning
C1-2 - The site’s M1-2 zoning allows for a range of commercial and light industrial uses
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-07-408-085-0000 | Improvements Assessment | $339,261 CAD |
| Land Assessment | $53,263 CAD | Total Assessment | $392,524 CAD |
Property Taxes
Parcel Number
14-07-408-085-0000
Land Assessment
$53,263 CAD
Improvements Assessment
$339,261 CAD
Total Assessment
$392,524 CAD
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Two Story Commercial Building | 5115 N Ravenswood Ave
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