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8503-8509 Fernald Avenue
Morton Grove IL 60053 US

$525,000

Active Listing ID 12780506
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Lot: 0.15 Acres
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Other

$525,000

Active Listing ID 12780506
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8503-8509 Fernald Avenue Presenting an exceptional investment and redevelopment opportunity in the heart of Morton Grove! Ideally positioned along the Fernald Avenue corridor, this two-story mixed-use property offers a versatile footprint with three ground-floor commercial spaces and residential accommodations above, creating an attractive opportunity for investors, developers, and owner-users alike. With portions of the renovation work already completed, the property provides a unique canvas for customization and the opportunity to bring a new vision to life. Surrounded by ongoing development and neighborhood amenities, the property benefits from a highly accessible location less than one mile from the Morton Grove Metra Station and just one mile from the four-way interchange of I-94, offering convenient connectivity throughout Chicagoland. Enjoy close proximity to Austin Park, shopping, dining, public transportation, and major expressways. With its adaptable layout, established mixed-use setting, and strategic location, this property presents an exciting opportunity to reposition an asset in a well-connected suburban market. Property is being sold as-is, where-is, with buyers responsible for verifying all permitted uses, zoning requirements, and the status of existing improvements.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 525000
  • unparsedaddress: 8503-8509 Fernald Avenue
  • postalcity: Morton Grove
  • stateorprovince: IL
  • country: US
  • postalcode: 60053
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1478
  • lotsizeunits: Acres
  • lotsizearea: 0.1478
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Tim Lorimer
  • listagentemail: tim@themlpg.com
  • listagentkey: 3yd-MREDIL-886045
  • listagentmlsid: 886045
  • listagentofficephone: 6305460254
  • listofficekey: 3yd-MREDIL-87120
  • listofficemlsid: 87120
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1910
  • listingcontractdate: 2026-10-12
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 10201140490000
  • constructionmaterials: Vinyl Siding
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tim@themlpg.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass Real Estate", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"55 E ERIE ST STE 1C ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"87120", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"60611", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Morton Grove, IL", "ListingURL":null, "MLSModificationTimestamp":"2026-10-14 17:49:07", "Neighborhoods":[{"Description":null, "Name":"Morton Grove"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":31115, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/14/2026 5:59:05 PM GMT
Source Updated Date: 10/16/2026 12:52:22 AM GMT

Courtesy of: Tim Lorimer, Compass, tim@themlpg.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.