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$1,700,000
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Property Description
Unlock the potential of this commercial building, currently operating as a successful convenience store in a prime, high-visibility location on bustling Racine Avenue. This versatile property offers an exceptional opportunity for investors seeking strong cash flow or owner-users looking to secure their own business location while benefiting from an established income-producing operation. Constructed with durable brick masonry, the property features a turnkey business with approximately $370,000 in inventory and approximately $150,000 in equipment included in the sale. The business has been successfully operating for seven years and has built a loyal, established customer base. The facility is equipped with surveillance cameras, multiple workstations, and restroom facilities, providing a functional and efficient operating environment. The site offers approximately 60 outdoor parking spaces, providing excellent accessibility and convenience for customers and employees. The property consists of one PIN and presents significant flexibility for continued retail use or future redevelopment opportunities permitted under its R2 zoning designation. Whether you are an experienced investor or an entrepreneur seeking a strategic location with immediate income potential, this property delivers outstanding value, versatility, and long-term upside. Don't miss this opportunity to acquire a proven business and income-producing real estate in a high-demand commercial corridor. Call today to schedule a private showing of this exceptional commercial property.
Full Property Details
Full Property Details for 5132 S Racine Ave
General
- Price: $1,700,000
- Taxes: $37,593 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12670130
- Updated: 6/23/2026
- Added to Site: 19 day(s) ago
Business
- Business Type: Retail
Interior
- Interior Features: Public Restroom(s), Storage Inside
- Flooring: Concrete
Additional Information
- Security/Safety: Fire Extinguisher(s), Sprinklers (Wet)
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: take racine north or south to address
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 11,400
- Current Bldg. Use: Commercial
- Year Built: 1926
Lot Features
- Lot Size (Sq. Ft.): 41,031
- Lot Dimensions: 110 x 375
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s, Sprinklers-Wet
- Assessment Year: 1926
- Tax Amount: $37,593
- Tax Year: 2025
Disclosures and Reports
- Property ID: 20083070390000
Listed by HomeSmart Realty Group
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Schools
Schools serving 5132 S Racine Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Libby Elementary School 5300 South Loomis Boulevard, Chicago, IL 60609 | K-8 | 0.3 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5132 S Racine Ave
Date
Details
Price
Change
Source
6/17/2026
Listed
$1,700,000
1207.69%
MLS
6/22/2017
Sold
$130,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5132 S Racine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$37,593
—
$253,103
42%
2023
$37,593
3%
$178,174
—
2022
$36,647
2%
$178,174
—
2021
$35,829
-23%
$178,174
-15%
2020
$46,558
-11%
$208,998
-20%
2019
$52,407
112%
$260,844
108%
2018
$24,716
3%
$125,123
13%
2017
$24,068
-45%
$110,726
-49%
2016
$43,760
9%
$218,487
—
2015
$40,037
-13%
$218,487
-12%
2014
$45,932
2%
$247,563
—
2013
$45,025
1%
$247,563
—
2012
$44,424
—
$247,563
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5132 S Racine Ave
5132 S Racine Avenue, Chicago, IL 60609 (MLS# 12670130) is a Commercial property. 5132 S Racine Avenue is currently listed for $1,700,000 and was received on June 17, 2026. Want to learn more about 5132 S Racine Avenue? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

