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$ 1,120,000
Est. payment | /mo
11,070 SqFt
$ 1,120,000
Est. payment | /mo
11,070 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 11,070 sqft
Price per Sqft $101
MLS Listing ID 12465911
Annual Tax Amount $45,026
Tax Year 2023
Property Sub-Type Retail/Stores
Property Description
We are pleased to present the opportunity to acquire the Fee-simple interest in 4900-4910 W Irving Park Road, urban infill multi-tenant retail investment prominently located in Chicago's booming Portage Park neighborhood. The 11,070 square foot property is situated upon 14,539 square feet of land with 120 feet of frontage along West Irving Park Road. The one-story building consists of six (6) retail units and one (1) warehouse unit. Two (2) of the five (5) tenants, leases expire in 2025, which provides new ownership the opportunity to lease up the Property at market rents and immediately add value. The Property benefits from the premier commercial corridor dubbed Six Corners, which since the mid-1800s has been a business district and by the mid19th century, it was the largest commercial center outside of downtown Chicago after Sears, Roebuck & Co. opened in 1938 as the anchor. The Property is positioned one block west of the eponymous six-corner intersection of Milwaukee/Cicero/Irving Park. The immediate area has experienced a significant number of new developments, including hundreds of apartment units delivered in the last few years, 346 units planned to be developed, plus retail spaces featuring prominent tenants such as Target and ALDI. Other notable tenants within a few blocks of the Property include Binny's Beverage Depot, Jewel Osco, Culver's, Chipotle, Ross Dress for Less, Marshalls, PetSmart, and Walgreens. Located 8-miles northwest of the Chicago CBD 'Loop', the Portage Park neighborhood is known for its rich history and vibrant community. Home to its namesake park, a popular spot for outdoor activities and community events, the neighborhood boasts a unique architectural style dating back to the early late 19th century. The dense urban neighborhood has over 37,000 residents within a 1-mile radius of the Property and 363,000 within 3 miles.
Location
State IL
County Cook
Area Chi - Portage Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Adam Max of Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
managingbroker@legacypropertiesil.com
2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA