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    2418 W Cermak Rd Chicago, IL 60608

    For Lease
    $34 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    291
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 2418 W Cermak Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2021
    Architectural style
    Other

    RE/MAX Legends (708) 655-5000 [email protected]

    Listing agent Edgardo Guerrero (630) 216-8000 License #475159071

    Listing date Feb 26, 2025

    MLS# 11954096 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

    Commercial Space on Cermak Road

    This commercial space is available for rent in Chicago, Illinois. The property is zoned C1-2 commercial business and is suitable for a variety of businesses, including general office, medical office, art gallery, and general store. Located on Cermak Road, just west of Western Avenue in Little Village, the property benefits from a high-traffic location and includes parking in the property parking lot. The space features an open floor plan, high ceilings, large windows providing natural light, and HVAC. It also includes a bathroom and storage space. The tenant is responsible for gas, electric bills, and common-area parking lot maintenance. The initial lease term is one year, with options for two to three-year extensions. The living area is 0 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6843516
    Latitude
    41.8520548

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    FAQs

    What type of property is this?
    Retail space - Commercial space for rent in Little Village neighborhood, Chicago.
    Where is this retail space located?
    The property is located at 2418 W Cermak Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: High-traffic Cermak Road in Little Village, near Western Ave.; - Ample Free Parking: Dedicated property parking lot for customers and employees.; - Flexible C1-2 Zoning: Suitable for various businesses (office, medical, retail, etc.).
    (630) 216-8000
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    Chicago, IL 60608
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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
    2418 W Cermak Rd Chicago, IL 60608
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