615 S 5th Ave, Maywood, IL 60153
Prime Development Site For Sale
Sale Price: $12.17/SF
Total Space Available: 61,207 SF
Property Type: Vacant Land (Existing 22,000 SF Supermarket)
Pearson Commercial is representing the Village of Maywood in the sale of 3 contiguous lots with separate PINs, on the east side of S. 5th Ave between Washington Blvd. and Walnut St.
Together, these parcels encompass 61,207 s.f. with 125’ of frontage on Washington Blvd., 200’ of frontage on 5th Ave., and 298’ of frontage on 4th Ave. These lots are currently zoned C-2, “Pedestrian Oriented Commercial”. The eastern part of the property has a 22,000 s.f. structure which previously housed the Maywood Market, a local supermarket. The west and north sides of the parcel are paved parking lots which were used for the Maywood Market shoppers.
These lots are currently zoned C-2 “Pedestrian Oriented Commercial”.
POTENTIAL PROPERTY USAGE
This location is perfect for another supermarket, drug store, or other single tenant retail business. The paved parking lots situated to the north and west of the existing structure will provide ample parking for any business which would choose this site for relocation.
*square footage figures from Realist do not match exactly the lot maps also provided by Realist.
On an average daily basis, over 9,600 motor vehicles transit this property in a north-south direction along 5th Ave. This property is located approximately half way between Madison St. and Washington Blvd. Madison St. has an average daily vehicle count of approximately 8,800 VPD, and Washington Blvd. counts almost 7,000 vehicles on an avg. daily basis.
** according to I..D.O.T, these figures are derived using a live camera set-up over a 24 hour period. The resulting traffic count is then adjusted using seasonal and other factors. The result is known as the annual average daily traffic count. The latest figures available are from 2015.
BUSINESSES IN IMMEDIATE SURROUNDING AREA
5th Ave. is one the main commercial streets in the Village of Maywood. There are a variety of several retail and business oriented establishments on the this stretch of S. 5th Ave, including the Lerner Law firm, Auto Zone, Church’s Chicken, Subway, H&R Block, and Citgo.
Contact: David McLennan