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    4541 N Western Ave Chicago, IL 60625

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    For Lease
    $20 SF/Yr

    Retail storefront in Lincoln Square with high-exposure location.

    Property Features for 4541 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: PONTARELLI ASSOCIATES Agent JOHN PONTARELLI

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

    Overview

    Retail Space on Western Avenue

    This retail space is located in a high-traffic area of Lincoln Square on Western Avenue. The street-level storefront features three large display windows leading into a waiting room. The property includes a clearspan retail/conference room/studio-type space with 10-foot ceilings. A private hallway leads to two private suites, two bathrooms (one with a shower), a commercial kitchen, and a utility closet. The halls and back area have ceramic tiled floors. The space is suitable for various uses, including sales, general retail, yoga, sports, fitness, nutrition, medical/dental, arts, and music. The property is located a few steps south of Welles Park, which may present an opportunity for daycare. It is also suitable for food and beverage businesses. A major EL Train Station is located a few steps north. The property is available immediately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    K I Energy ... Wellness Program

    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
    -87.6883996
    Latitude
    41.964393

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    FAQs

    What type of property is this?
    Retail space - Retail storefront in Lincoln Square with high-exposure location.
    Where is this retail space located?
    The property is located at 4541 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High-exposure location on busy Western Avenue in Lincoln Square.; - Versatile space suitable for various uses: retail, fitness, medical, arts, food/beverage, etc.; - Close proximity to a major EL Train Station.
    (773) 631-6121
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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
    4541 N Western Ave Chicago, IL 60625
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