5101 W Division Street
Chicago, IL, 60651 $ 549,000
Bedrooms-- Baths-- Sq 9,000 for $549,000. This 9,000 square foot property was built in 1961 on a lot size of 0.212856.
PRICE REDUCED! OWNERS MAY OFFER ADDITIONAL REDUCED PRICING FOR A QUALIFIED 501(C)(3). Bring your ideas to this blank canvas. This open space could be used as retail, office, shared work, etc. Located on the SW corner of Division and Leclaire Ave, with approximately 11,700 VPD passing by on Division St. (IDOT). Division St. is one of the main East-West surface streets on the north side of Chicago. 3 blocks east of the busy North-South commercial artery of Cicero Ave (26,800 VPD, and 2 blocks east of N-S Laramie Ave (16,400 VPD). also 2 blocks south of beautiful LaFollette Park in the center of the bustling North Austin neighborhood. This former dollar store has approximately 9,000 s.f. of mostly open span space. The front (north) section of this former store has approximately 3,000 s.f. of open space with very large front facing windows on Division St. This area has a drop-panel ceiling with just under 9' of ceiling height and a flat roof on top of that. The larger rear (south) section of the store has 4,430 s.f. of open space with the same panel-drop ceiling, but also has a bow truss roof hidden above the panels. This area has just over 9' of ceiling height, but this space could be opened up to dramatic effect by exposing the bow truss roof. These 2 areas are separated only by 4 support posts spaced approximately 13 - 15 ft apart from each other. There is a 3rd area in the far south area of the building separated from the other 2 areas by access doors. This area is approximately 1,100 s.f., measuring roughly 12' x 90', and houses the breaker boxes, 2 bathrooms, and storage area, with a delivery door facing N. Leclaire Ave. The owners have made over $144k of Capital Improvements in the past few years, including roof and masonry repairs.
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FeaturesGeneralCooling Central Air
Zoning COMMR
Year Built 1961
Electric Circuit Breakers
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Varies by Tenant
Stories Count 1
Property Subtype Retail
Tax Year 2023
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions North or South on Cicero Ave to Division (2800 N.) West on Division to 5101.
City Chicago
MLS Area CHI - Austin
Lot Size Square Feet 9272
Tax Annual Amount 27361
Additional Parcels Y/N N
Leasable Area 9000
Lease Type Net
Standard Status Active
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ExteriorBuilding Area Total 9000
Lot Dimensions 92.5X100
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* Excluded FeaturesList ByPearson Realty GroupBroker
david@pearsonrealtygroup.comEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/9/2025 | $549,000 | -8.35% | Price Down |
| 9/29/2025 | $599,000 | | Listed Price |