5401-5403 W Madison St - Storefront Retail/Residential FOR SALE


Chicago, IL 60644- Austin
$479,000 USD
312-344-1487
5401-5403 W Madison St, Chicago, IL for Sale
$479,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

5401-5403 W Madison St
Chicago, IL 60644
Austin


OVERVIEW

Unique Investment Opportunity: Iconic ESO Theater Property For Sale in Austin, Chicago! Welcome to a truly one-of-a-kind property in the heart of Chicago's vibrant Austin neighborhood, right on the border of the Oak Park community. Currently home to the celebrated ESO Theater, this multi-functional space offers an extraordinary opportunity for entrepreneurs, artists, investors, and visionaries looking to own a dynamic commercial and residential property with built-in revenue potential. Property Highlights: Over 6,000 sq ft of mixed use commercial space Purpose-built for performing arts, events, music showcases, or creative studios Multiple performance areas with AV hook-ups for audio/visual integration Spacious kitchen area with multiple freezers - ideal for launching a restaurant, cafe, or catering business Several private offices, dressing rooms, and bathrooms for staff and guests Dedicated employee restroom in the kitchen area Zoned B3-2, offering extensive flexibility for various business types Licensed as a Public Place of Amusement and Performing Arts Venue Residential Income Potential: Two fully equipped apartments on the second level. One 3bed 1.5bath & one 2bed 1bath. Combined rental income potential of $3,000+ per month Income can cover the mortgage, allowing your business to flourish without financial strain Whether you're a theater operator, restaurateur, creative collective, or investor seeking a cash-flow-positive property with deep community roots, this space delivers. With both commercial performance space and residential units, it's a rare blend of function, flexibility, and financial upside. Don't miss your chance to own a cornerstone of Chicago's creative scene with unmatched potential.

FOR SALE DETAILS

PRICE

$479,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B3-2

APN/PARCEL ID

16-16-101-061-0000

ASK ABOUT THIS PROPERTY

David ThomasBlue Door Dave IncMore Info
312-344-1487

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David ThomasBlue Door Dave IncMore Info
312-344-1487

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