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    7411 N Western Ave Chicago, IL 60645

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    For Lease
    $15 SF/Yr

    Newly updated office space with high foot traffic and visibility.

    Property Features for 7411 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1970

    Source: CENTURY 21 UNIVERSAL Agent FEHINTOLA ALAO

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

    Overview

    Updated Office Space on Western

    This newly updated office space is located on a busy section of Western Avenue, benefiting from heavy foot traffic and proximity to bus stops, banks, and restaurants. The location is near two plazas that include CVS, Walgreens, Dollar Tree, Ross, and Discovery stores. The unit features two large office spaces and one bathroom. The interior has been freshly painted and includes new flooring and abundant lighting. This space is suitable for various uses, including adult or child day care, learning or tutoring centers, martial arts and music studios, personal fitness training, insurance or accounting offices, medical or dental clinics, and worship spaces. The property is not set up for restaurant or retail store use.
    Location Intelligence

    Current Use by Public Records

    Mountain of Mercy Ministries Christian Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.6899508
    Latitude
    42.0161047

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    FAQs

    What type of property is this?
    Office space - Newly updated office space with high foot traffic and visibility.
    Where is this office space located?
    The property is located at 7411 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location on busy Western Avenue with heavy foot traffic.; - Newly updated unit with fresh paint, new flooring, and abundant lighting.; - Versatile space suitable for various businesses (daycare, learning center, studio, office, clinic, worship space).
    (773) 465-0300
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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
    7411 N Western Ave Chicago, IL 60645
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