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    2423 W Division St, Unit 2 Chicago, IL 60622

    For Lease
    $8 SF/Yr

    Second-floor commercial space on Division St with high foot traffic.

    Property Features for 2423 W Division St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1985

    Source: FULTON GRACE REALTY Agent MATTHEW JOHNSTON

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

    Overview

    Division Street Commercial Space Available

    This second-floor commercial space is situated on Chicago's busy Division Street and is zoned B1-1. The location benefits from a high volume of foot traffic and convenient access to public transportation. The property is suitable for office or retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office 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
    -87.687981
    Latitude
    41.9027053

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    FAQs

    What type of property is this?
    Office space - Second-floor commercial space on Division St with high foot traffic.
    Where is this office space located?
    The property is located at 2423 W Division St, Unit 2 Chicago, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Chicago's bustling Division St.; - High foot traffic area.; - Zoned B1-1 for commercial use.
    (773) 698-6648
    Request Owner's contact information
    2423 W Division St, Unit 2 Chicago, IL 60622
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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
    2423 W Division St, Unit 2 Chicago, IL 60622
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