101-115 E 51st St, Chicago, IL

For Sale

101 East 51st Street, Chicago, IL 60615

This Chicago property for sale is located at 101 East 51st Street. The general use of 101-115 E 51st St, Chicago, IL is retail and it incorporates 7,953 square feet of class A retail space. The current listed sale price for 101-115 E 51st St, Chicago, IL is $1,150,000. 101-115 E 51st St, Chicago, IL is situated on a lot that is 17,948 square feet in size.

Contacts

Manny Regalado

KW ONEChicago

Property Details

  • Property Type Retail
  • Property Size 7,953 SF
  • Lot Size 17,948 SF
  • # of Floors 1
  • Parking Spaces Avail. 10
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2005
  • Date Updated May 20, 2026

WASHINGTON PARK RETAIL CENTER

101–115 E 51st St, Chicago, IL 60615

Executive Summary

Washington Park Retail Center presents a rare opportunity to acquire a stabilized, neighborhood-serving retail asset with strong in-place income and meaningful upside through lease-up. Strategically positioned at the signalized intersection of East 51st Street and South Michigan Avenue, the property benefits from consistent vehicular traffic, dense surrounding population, and proximity to major institutional and retail anchors.

Offered at $1,150,000, the asset consists of a 7,953 SF multi-tenant retail building situated on a 17,948 SF parcel, featuring 165 feet of frontage along 51st Street and dedicated on-site parking. The center is currently occupied by a diverse mix of service-oriented and food-based tenants, with one second-generation vacancy providing immediate value-add potential.

The property has demonstrated long-term tenant stability, with occupancy history dating back nearly two decades and leases extending through 2030. Combined with favorable B3-3 zoning and infrastructure conducive to food service uses, the asset is well-positioned for continued income growth and tenant demand

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Getting around

  • 74/100

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  • 72/100

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  • 67/100

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Location

  • City Chicago, IL
  • Zip Code 60615

Points of Interest

  • Garfield

    0.51 miles

  • 51st-53rd Street (Hyde Park)

    1.82 miles

  • 55th-56th-57th Street

    1.89 miles

  • Halsted

    1.94 miles

  • 35th-Bronzeville-IIT

    2.11 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    2.17 miles

  • 63rd Street

    2.24 miles

  • Stony Island

    3.04 miles

  • Western

    3.20 miles

  • UIC-Halsted (Halsted Street)

    5.27 miles

  • GoLo

    0.05 miles

  • Super Save

    0.47 miles

  • BP

    0.51 miles

  • Amstar

    0.56 miles

  • Shell

    0.69 miles

  • Citgo

    0.74 miles

  • The Roux

    1.05 miles

  • ChargePoint

    1.26 miles

  • eVgo

    4.51 miles

  • Blink

    4.52 miles

  • Garfield Park & Ride

    0.46 miles

  • Medical Campus Parking Garage B

    1.11 miles

  • Medical Campus Parking Garage A

    1.23 miles

  • Campus North Parking Garage

    1.23 miles

  • Parking/Materials Management

    1.28 miles

  • Vue53 garage

    1.48 miles

  • Campus South Parking

    1.48 miles

  • Lexington Parking Lot

    1.57 miles

  • Lot L

    1.72 miles

  • Lot F

    1.83 miles

  • Skidoe's Café & Grill

    0.14 miles

  • Friistyle

    0.17 miles

  • Louisiana Famous Fried Chicken

    0.19 miles

  • The Hot Dog Box

    0.21 miles

  • McDonald's

    0.46 miles

  • Dunkin'

    0.51 miles

  • Tony's Carryout

    0.52 miles

  • Harold's Chicken Shack

    0.52 miles

  • Dirty Tiff's Cafe

    0.53 miles

  • Burger King

    0.55 miles

  • Adom African Market

    0.54 miles

  • Valley of Jordan

    1.13 miles

  • Fairplay Foods

    1.42 miles

  • Jewel-Osco

    1.43 miles

  • Target

    1.50 miles

  • Ross

    1.51 miles

  • Woodlawn Fresh Market

    1.59 miles

  • Mariano's Fresh Market

    1.61 miles

  • One Stop Foods

    1.61 miles

  • City Sports

    1.73 miles

Contact Listing Broker
Manny Regalado

KW ONEChicago

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