Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3279 W Armitage Ave Chicago, IL 60647

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Chicago, IL

    Property size:
    1,338 SF
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 9:06 pm

    Property Features for 3279 W Armitage Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    13354040020000
    Size
    1,338 SF
    Lot size
    0.09 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Brick

    We can help!

    Listing Contact
    Zachary Koran

    Dream Town Realty (312) 265-8000

    Listing agent Zachary Koran (312) 662-9977

    Listing date Mar 2, 2026

    MLS# 12561191

    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.

    Learn more

    Property Insight Report

    Overview

    Logan Square Commercial Space Available

    Located in the heart of Logan Square at 3279 W Armitage, this well-maintained brick storefront offers approximately 1,338 square feet on the main level, along with a finished basement. The layout is suitable for a creative studio, gallery, boutique retail, showroom, or specialty storefront. The space, currently used as a ceramics studio and gallery, features 12-foot ceilings, original wood floors, and reclaimed window and door details. The main level benefits from north and east-facing natural light and includes a kitchenette, half bath, and private office. The finished lower level provides additional workspace or storage and includes a second half bath. New mechanicals have been installed, including electric geothermal heat serving both units and solar panels for the retail space. The property is situated on Armitage Avenue, surrounded by small businesses, restaurants, Palmer Square Park, and The 606 Trail, in a high-traffic neighborhood. The lot size is 0.0861 acres. The property is zoned COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    BuffyUnow Flooring Group

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7100335
    Latitude
    41.9170754

    Nearby Similar for Lease

    • New
      Contact for pricing

      Pilsen Arts District Commercial Space

      1200 sq ft space in vibrant Pilsen Arts District.
      1610 S Halsted St, Chicago, IL 60608
      View Details
    • New
      Contact for pricing

      Corner Commercial Space in Chicago

      Highly visible corner space in West Town/East Village/Ukrainian Village.
      1901 W Chicago Ave, Chicago, IL 60622
      View Details
    • New
      Contact for pricing
      4,792 SF

      Medical Office Space Available

      Equipped medical office suite for lease in Chicago.
      7107 W Belmont Ave, Chicago, IL 60634
      View Details
    • New
      Contact for pricing
      4,792 SF

      Medical Office Space Available

      Equipped medical office suite for lease in Chicago.
      7107 W Belmont Ave, Chicago, IL 60634
      View Details
    • New
      Contact for pricing
      7,841 SF

      Corner Commercial Space in Chicago

      High-traffic corner location suitable for multiple uses.
      4301 W Grand Ave, Chicago, IL 60651
      View Details
    • Contact for pricing

      Remodeled Storefront in Logan Square

      Turnkey 1150 SF storefront in Logan Square/Bucktown area.
      2623 W Armitage Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      88,427 SF

      Roseland Medical Center Office Space

      Second-generation medical office space in established Chicago medical campus.
      134 W 111Th St, Chicago, IL 60628
      View Details
    • Contact for pricing

      Southport Corridor Retail Space Available

      Bright retail space in Chicago's Southport Corridor, near Blaine Elementary.
      3827 N Southport Ave, Chicago, IL 60613
      View Details
    • Contact for pricing

      Retail/Office Space in Humboldt Park

      Loft-style retail or office space with exposed brick and hardwood.
      3306 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Chicago Retail/Office Space Available

      Retail or office space in Humboldt Park with exposed brick.
      3306 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Chicago Office Suites For Rent

      Small office suites available in a wonderful Chicago location.
      639 W Diversey Pkwy, Chicago, IL 60614
      View Details
    • Contact for pricing

      Updated Office Space in Elmwood

      Professional office space available for immediate occupancy in Elmwood Park.
      7714 W North Ave, Elmwood Park, IL 60707
      View Details

    FAQs

    What type of property is this?
    Showroom - Turnkey commercial space in a vibrant, high-traffic location.
    Where is this showroom located?
    The property is located at 3279 W Armitage Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime Logan Square location on Armitage Avenue near popular businesses, restaurants, Palmer Square Park, and The 606 Trail.; - Turnkey, design-forward commercial space with 1,338 SF main level plus finished basement.; - Significant utility savings with electric geothermal heat and solar panels.
    (312) 662-9977
    Request Owner's contact information
    3279 W Armitage Ave Chicago, IL 60647
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3279 W Armitage Ave
    Chicago, IL 60647
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3279 W Armitage Ave Chicago, IL 60647
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Zachary Koran
    (312) 662-9977 (312) 265-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!