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    1502 W Chicago Ave Chicago, IL 60642

    For Lease
    $34 SF/Yr

    Second-generation retail space available on Chicago Avenue.

    Property Features for 1502 W Chicago Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2013

    Source: SPERRY VAN NESS Agent SCOTT MAESEL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in West Town

    This 1,892 square-foot second-generation retail space is available for rent on Chicago Avenue in West Town. The space features over 40 feet of frontage and two storefront doors. Existing conditions include five private offices, a conference room, a reception/waiting area, a kitchenette, and an ADA-compliant bathroom with a shower. The property is located among notable retail neighbors such as Brasero, Roots Handmade Pizza, and Mariano's.
    Location Intelligence

    Current Use by Public Records

    Prism Counseling LLC Psychotherapist The Chicago EMDR Center Counselor Spring Practices Psychotherapist Spring Practices, PLLC Psychotherapist Julie Kyle, LCSW Emdr Psychotherapist

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage 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
    -87.6651224
    Latitude
    41.8963743

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    FAQs

    What type of property is this?
    Retail space - Second-generation retail space available on Chicago Avenue.
    Where is this retail space located?
    The property is located at 1502 W Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - 1,892 SF second-generation retail space on Chicago Avenue.; - Boasts over 40' of frontage with two storefront doors.; - Includes five private offices, conference room, reception/waiting area, kitchenette, and ADA bathroom with shower.
    (312) 676-1866
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    1502 W Chicago Ave Chicago, IL 60642
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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
    1502 W Chicago Ave Chicago, IL 60642
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