SVN Chicago Commercial is pleased to present the Foster-Western Office Building located at 5214 North Western Avenue, Chicago, IL, 60625. This ±7,440 SF property boasts versatile floor plans, 15 Units on three levels, with ample. dedicated rear parking, superb visibility, and customizable private suites. From ±241 SF Suite, Full Floor to Full Building Opportunity. Nearby to new mixed-use project developments along the Western Avenue corridor and steps to the CTA. Tenant Incentives or Build-to-Suit Options.
Situated in the heart of Lincoln Square, this area offers a blend of modern amenities and historic charm. A walker's paradise (91 out of 100) with nearby Winnemac Park, Kempf Plaza, and Vogle Park. N. Western Avenue and W. Foster Avenue, are approximately 10 miles north of Chicago, with Edgewater to the north and Uptown to the south. CTA bus options, nearby Western Station Brown Line, and Union Pacific Ravenswood Station.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
