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    516 E 43Rd St Chicago, IL 60653

    For Lease
    $28 SF/Yr

    Neighborhood Storefront - Chicago, IL

    Days on Market:
    62
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 516 E 43Rd St

    General Information

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

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1949
    Architectural style
    Other

    KRGW Realty LLC (708) 483-6122 [email protected]

    Listing agent Nikki Runnels (708) 483-6122 License #475182218

    Listing date Oct 11, 2025

    MLS# 12493638 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

    Bronzeville Storefront Ready For Rent

    This commercial space is located in the Bronzeville neighborhood of Chicago. The property is suitable for retail, office, or creative uses, subject to city confirmation. The location offers high visibility and is situated adjacent to local businesses, new developments, dining options, and cultural attractions. Public transportation and major highways are easily accessible. The tenant will be responsible for property taxes, insurance, all utilities, and maintenance.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    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.

    Similar Places Nearby

    Michi Florist

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6133125
    Latitude
    41.8168949

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    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial space in thriving Bronzeville neighborhood, Chicago.
    Where is this storefront property located?
    The property is located at 516 E 43Rd St Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Bronzeville, a rapidly growing commercial corridor.; - High visibility commercial space adjacent to thriving businesses.; - Ideal for retail, office, or creative use (confirm use with the city).
    (708) 483-6122
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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
    516 E 43Rd St Chicago, IL 60653
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