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    7111 N Western Ave Chicago, IL 60645

    For Lease
    $24 SF/Yr

    1,000 sq ft commercial space in high-traffic location.

    Property Features for 7111 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1981

    Source: COLDWELL BANKER REALTY Agent MARLA SCHNEIDER

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

    Overview

    Versatile Commercial Space on Western

    A 1,000 sq. ft. commercial space is available for rent. The unit features an open floor plan, a private half bathroom, and a kitchenette. The property is located in a high-traffic location on N Western Ave. It is located in a B2-3 zoning district, offering flexibility for a variety of uses. The space is suitable for retail, creative, professional, or service-based businesses. The property benefits from strong visibility and easy access to public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Akua S. Bamfo-Agyei, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Cosmetics Store FedEx OnSite Mailing Service

    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
    -87.6827471
    Latitude
    41.764195

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    FAQs

    What type of property is this?
    Retail space - 1,000 sq ft commercial space in high-traffic location.
    Where is this retail space located?
    The property is located at 7111 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on N Western Ave ensures strong visibility.; - Versatile 1,000 sq. ft. open floor plan.; - B2-3 zoning district provides flexibility.
    (847) 724-5800
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    7111 N Western Ave Chicago, IL 60645
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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
    7111 N Western Ave Chicago, IL 60645
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