5132 S Racine Avenue Chicago, IL $ 1,700,000
5132 S Racine Avenue
$ 1,700,000
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5132 S Racine Avenue

Chicago, IL, 60609
$ 1,700,000
Bedrooms-- Baths-- Sq 11,400
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Property for Rent in Chicago, IL

for $1,700,000. This 11,400 square foot property was built in 1926 on a lot size of 0.941942.

Unlock the potential of this commercial building, currently operating as a successful convenience store in a prime, high-visibility location on bustling Racine Avenue. This versatile property offers an exceptional opportunity for investors seeking strong cash flow or owner-users looking to secure their own business location while benefiting from an established income-producing operation. Constructed with durable brick masonry, the property features a turnkey business with approximately $370,000 in inventory and approximately $150,000 in equipment included in the sale. The business has been successfully operating for seven years and has built a loyal, established customer base. The facility is equipped with surveillance cameras, multiple workstations, and restroom facilities, providing a functional and efficient operating environment. The site offers approximately 60 outdoor parking spaces, providing excellent accessibility and convenience for customers and employees. The property consists of one PIN and presents significant flexibility for continued retail use or future redevelopment opportunities permitted under its R2 zoning designation. Whether you are an experienced investor or an entrepreneur seeking a strategic location with immediate income potential, this property delivers outstanding value, versatility, and long-term upside. Don't miss this opportunity to acquire a proven business and income-producing real estate in a high-demand commercial corridor. Call today to schedule a private showing of this exceptional commercial property.

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Rental Active

Price

$ 1,700,000

Taxes

$ 37,593

Style

Retail

Lot Size

0.941942

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12670130

Features
General
Cooling Central Individual
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Roof Rubber
Zoning RTAIL
Construction Materials Brick
Year Built 1926
Electric Service - 201 to 600 Amps Over 600 Amps
Stories Count 1
Tax Year 2025
Current Use Commercial
Business Type Retail
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions take racine north or south to address
City Chicago
MLS Area CHI - New City
Lot Size Square Feet 41031
Tax Annual Amount 37593
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
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Interior
Flooring Concrete
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 11400
Lot Dimensions 110X375
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* Excluded Features
List By
Homesmart Realty Group

Broker

tellyrayford@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$1,700,000 Listed Price

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5132 S Racine Avenue, Chicago, IL, 60609 is a Property for Rent at $1,700,000 with 11,400 sqft and a lot size of 0.941942. 5132 S Racine Avenue was built in 1926. The property's zip code is 60609 which is in Chicago, IL