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    1638 W Chicago Ave Chicago, IL 60622

    For Lease
    $19 SF/Yr

    Retail - Chicago, IL

    Type:Retail
    Days on Market:
    54
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1638 W Chicago Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1904
    Architectural style
    Other

    Compass Real Estate

    Listing agent Bobby Simon (847) 306-6158 License #475187133

    Listing date Oct 13, 2025

    MLS# 12494320 Listing URL

    Copyright © 2025 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.

    Overview

    West Town Retail Space Available

    This property offers approximately 1,800 square feet of commercial retail space in the West Town neighborhood of Chicago. Zoned B1-2, the unit allows for a range of commercial uses. The layout includes three built-out office spaces, one with a half bath and another with a sink. The space is suitable for a yoga studio, boutique fashion outlet, or office use for attorneys, CPAs, mortgage companies, and spas. It features one half bath and one full bath with a shower, along with ample storage. The unit has recently updated climate control to dual zoning. Located in West Town's bustling commercial district, the property benefits from proximity to numerous amenities and attractions, ensuring consistent foot traffic. This location offers an opportunity to establish a presence in a dynamic, creative, and thriving community.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6688755
    Latitude
    41.8964249

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    FAQs

    What type of property is this?
    Retail space - Commercial retail space in Chicago's West Town neighborhood for lease.
    Where is this retail space located?
    The property is located at 1638 W Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime West Town location in a bustling commercial district with high foot traffic.; - Versatile B1-2 zoning allows for a wide range of commercial uses.; - Includes 3 built-out office spaces, one with a 1/2 bath and another with a sink.
    (847) 306-6158
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    Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1638 W Chicago Ave Chicago, IL 60622
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