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    3563 W 5Th Ave, Unit 1 Chicago, IL 60624

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    For Lease
    $10 SF/Yr

    Retail or kitchen space in improving East Garfield Park neighborhood.

    Property Features for 3563 W 5Th Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1907

    Source: RONALD MENOR Agent RONALD MENOR

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

    Overview

    East Garfield Park Retail Opportunity

    This property presents an opportunity for a ghost kitchen or commissary kitchen, catering to the underserved yet rapidly improving East Garfield Park neighborhood. Its location offers convenient access to the 290 expressway and is a short walk from the Blue Line train. Alternative uses for the space include a laundromat, hair or nail salon, office space, or storage. The building also includes three residential units, generating $4000 per month in rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ghost kitchens

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -87.7150628
    Latitude
    41.8756804

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    FAQs

    What type of property is this?
    Ghost kitchen - Retail or kitchen space in improving East Garfield Park neighborhood.
    Where is this ghost kitchen located?
    The property is located at 3563 W 5Th Ave, Unit 1 Chicago, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Opportunity for ghost kitchen/commissary kitchen in an underserved area.; - Convenient location right off the 290 expressway.; - Short walk to the blue line train.
    (312) 343-9360
    Request Owner's contact information
    3563 W 5Th Ave, Unit 1 Chicago, IL 60624
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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
    3563 W 5Th Ave, Unit 1 Chicago, IL 60624
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