Commercial, Land
Auction June 17, 2025 – 2 Buildings on Large Parcel on Lake Street
5061 W. Lake Street
Chicago, Illinois
Sealed Bid Auction June 17, 2025
Subject property is a 13,500 square foot parcel with two buildings totaling approximately 3,000 square feet feet available for sale via auction. This property is currently rented month-to-month by an automotive shop and generates $52,000 rent annually. The property is situated along Lake Street in West Garfield Park and is located in the PMD-9 zoning district. The zoning would allow for a variety of uses including automotive and repair shops. This area is undergoing revitalization, attracting investors interested in urban redevelopment and community growth. The property’s location offers easy access to major transportation routes, including the CTA Green Line and I-290. With the neighborhood’s potential for appreciation, driven by ongoing improvements and community initiatives, this is a great opportunity for a user or investor.
Located on the west side of Chicago, this property is a few blocks from Green Line stations and a short drive from the Eisenhower Expressway. West Garfield Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs.
Call or Text 312-338-3012
Call or Text 312-338-3003
Email dhyman@mpirealestate.com
Address: 225 West Illinois Suite #350 Chicago IL 60654
Phone: 312-338-3000
Fax: 312-604-8903
Email: info@mpirealestate.com
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman