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    1540 W North Ave Chicago, IL 60622

    For Lease
    $25 SF/Yr

    2,813 Sq Ft street level space for lease.

    Property Features for 1540 W North Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: MILLER CHICAGO LLC Agent ANDREA MILLER

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

    Overview

    West Town Storefront Office/Retail Space

    Available for lease is a 2,813 square foot street-level storefront office or retail space located in West Town. The space features a retractable door facing North Avenue. The location offers high visibility with a traffic count exceeding 22,000 vehicles per day. Situated just west of the Kennedy Expressway, the property is next to Mercedes and Audi dealerships and near a 99-room Hyatt Place Hotel.
    Location Intelligence

    Current Use by Public Records

    Herzog Rice and Runolfsson General Contractor The Lotus Lounge Bar & Grill Game 7 Bar ... Bar Magnolia Care Solutions ... Social Services Organization

    Suggested Use

    Law Firm Restaurant Spa & Massage Realty agency Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.666858
    Latitude
    41.9109

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    FAQs

    What type of property is this?
    Retail space - 2,813 Sq Ft street level space for lease.
    Where is this retail space located?
    The property is located at 1540 W North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on North Avenue with over 22,000 vehicles per day.; - 2,813 Sq Ft street level storefront office / retail space.; - Retractable door facing North Avenue for fresh air.
    (773) 366-8786
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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
    1540 W North Ave Chicago, IL 60622
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