847-780-8063
5151 N Harlem Ave, Chicago, IL for Sale
Medical - FOR SALE
1/15
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5151 N Harlem Ave
Chicago, IL 60656
Norwood Park


HIGHLIGHTS

  • High-visibility corner location at N Harlem Avenue and W Foster Avenue with approximately 36,200 VPD.
  • 61% occupancy with 15 suites leased to service-oriented, professional, and financial tenants.
  • Significant value-add potential through the lease-up of approximately 4,896 square feet.
  • Excellent transportation connectivity with access to Blue Line, I-90, and O’Hare International Airport.
  • Strong surrounding retail mix supports consistent demand for professional office space.
  • Owner-user purchase option with flexible lease terms in place.

OVERVIEW

5151 N Harlem Avenue offers a rare value-add investment opportunity within Chicago’s high-demand Northwest Side office market. This 12,596-square-foot, three-story property is prominently located at the signalized intersection of N Harlem Avenue and W Foster Avenue in a corridor with strong traffic exposure of approximately 36,200 vehicles per day. The building is currently 61% occupied by a diverse tenant roster across financial, professional, and service uses, providing stable in-place income with upside potential through lease-up of the remaining approximately 4,896 square feet. Tenants benefit from exceptional accessibility, including proximity to the Harlem CTA Blue Line station, direct access to I-90, and quick connectivity to O’Hare International Airport. The surrounding area features a strong mix of national and local retailers such as Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Marshalls, Nordstrom Rack, and multiple restaurants. Investors have the opportunity to capitalize on market fundamentals, including limited supply and long-term demand for well-located office assets. Flexible lease structures further enhance owner-user potential, creating a compelling investment for both stabilization and future appreciation.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5151 N. Harlem Ave

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B3-1

APN/PARCEL ID

13-07-300-014-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.