Listing provided courtesy of Pearson Realty GroupMREDas Distributed by MLSGrid- MLS# 12483642MLS Provider

5101 W Division StreetChicago, IL 60651

Commercial · 9,000 Sq. ft.
$499,000 Active

5101 W Division Street Overview

Time on Site:
273 days
Visits:
3

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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5101 W Division Street Facts & Features

  • Type Commercial
  • Sq. ft. 9,000
  • Price/Sq.ft. $55

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net
  • Net Operating Income: 0

Building Information

  • Year Built: 1961

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Austin

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Varies by Tenant

Tax Information

  • Tax Annual Amount: $27,361.00
  • Tax Year: 2023

General Information

  • Parcel Number: 16044010400000
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 9000

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 9000
  • Stories: 1

Unit Information

  • Unit SqFt.: 9000

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 92.5X100
  • Lot Size Square Feet: 9272

5101 W Division Street Neighborhood

Community

60651 (Chicago) Demographics

34
Median Age
18,218
Population Density (per sq. mile)
22%
College Educated
$41,107
Estimated Median Income
8,812
Estimated Total Home Owners
11,120
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5101 W Division Street Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5101 W Division Street Market Data

Based on the last 30 days in this zip code

$380,393
Average List Price
$220
Average Price per Square Foot
12
Properties Sold
72
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

5101 W Division Street History

Date Event Value Agent
2/27/2026Source: MRED Status Change
Active
2/22/2026Source: MRED Price Reduction
$499,000 -9.1%
2/22/2026Source: MRED Status Change
Price Change
12/14/2025Source: MRED Status Change
Active
12/9/2025Source: MRED Price Reduction
$549,000 -8.3%
12/9/2025Source: MRED Status Change
Price Change
10/4/2025Source: MRED Status Change
Active
9/29/2025Source: MRED Added to Database
September 29, 2025