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    5055 N Western Ave Chicago, IL 60625

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    For Lease
    $25 SF/Yr

    Ready-to-use space suitable for various businesses in Lincoln Square.

    Property Features for 5055 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1966

    Source: COORDINATE PROPERTIES LLC Agent AMANDA STAMELOS

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

    Overview

    Turn-Key Retail/Office Space Available

    This turn-key space is suitable for various businesses, including a nail salon, dance studio, office, musical practice space, or boutique. It features unique hardwood flooring, a private updated bathroom, and an office space. The front area offers a large, open floor plan. For potential nail salon use, the space includes 5 pedicure chairs and 5 manicure stations. Located in Lincoln Square on Western Ave, the property provides ample parking in front on Western Ave for customer access. Parking is available at an additional cost. The space is available now.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pegasus Nails Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6887138
    Latitude
    41.9738809

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    FAQs

    What type of property is this?
    Retail space - Ready-to-use space suitable for various businesses in Lincoln Square.
    Where is this retail space located?
    The property is located at 5055 N Western 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: - Turn-key space suitable for various businesses (nail salon, dance studio, office, etc.).; - Includes 5 pedicure chairs and 5 manicure stations.; - Prime location in Lincoln Square on Western Ave.
    Request Owner's contact information
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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
    5055 N Western Ave Chicago, IL 60625
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