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5518 W Chicago Ave
Chicago, IL 60651

Rate Upon Request

Freestanding For Lease  •  11,650 SF

Property Details

  • Property Type Freestanding
  • Year Built 1974
  • Total Building Size 12,156 SF
  • Tenancy Single
  • Building Class B
  • Zoning B3-1
64 Transit Score
79 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 11,650 SF Rate Upon Request 
• Hard corner of signalized intersection
• Heavy Traffic Counts from Chicago and Central Ave
• Parking on site
• Pylon Signage

  • Date available: Jul 2025
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Space Type: Relet

Description 

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale an 11,650 square-foot single-tenant retail building located at 5518 W Chicago Ave., Chicago, IL. The free-standing building is leased to Dollar General (S&P: BBB) and is on a 10-year net lease, which commenced in August of 2015 and features (4) 5-year options with 10% rental increases every 5 years. The building was originally constructed in 1975 and sits on approximately 0.58 acres of land.

The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of Chicago Ave., which sees over 8,836 VPD. Additionally, the site is located just east of the Chicago Ave. and Central Ave. lighted intersection which sees an additional 16,373 VPD. The asset is located in a middle-class area, with over 162,486 residents and an average household income of $87,200 within 2 miles of the site. Notable surrounding national tenants include: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more.

Public Transportation

Commuter RailDriveWalkDistance
Hanson Park Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.9 mi
Grand/Cicero Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.7 mi
Transit/SubwayDriveWalkDistance
Central Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 11 min 0.6 mi
Laramie Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
Austin Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 15 min - 8.7 mi
Chicago O'Hare International 23 min - 13.2 mi
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc