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    2950 N Western Ave Chicago, IL 60618

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    For Lease
    $10 SF/Yr

    Chicago North Side flex/showroom/office/warehouse space for lease.

    Property Features for 2950 N Western Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1957

    Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

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

    Overview

    Riverfront Industrial Flex Space Available

    This exceptional Chicago North Side riverfront industrial property, zoned M2-3, considers all uses. The property features barrel truss wide open space with loading docks and drive-in doors, heavy parking, and outside storage. One space remains available for lease, offering 6,246 square feet of flex, showroom, office, and warehouse space. The full building, totaling 143,148 square feet, can also be made available for an entire building user. Located in a densely populated North Side area within Enterprise Zone 4, it provides quick access to I-90. The property includes a concrete floor load, truss roof, and wet sprinkler system. It features clear-span dimensions of 12'9" (22'10" to Deck) and a total of 8,200 square feet of office space. There is potential to expand the loading dock and drive-in doors. The interior is newly painted and ready for tenants. Short term deals are considered. Pricing starts from $10 PSF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicago Custom Metal ... Sign Shop Chicago Roofers and Roofing ... Roofing Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Brix Catering and Events, Truffleberry - Avondale - Fall 2021, Truffleberry Market, Paramount Events - Avondale - Winter 2022, Chef Didier Durand

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6892974
    Latitude
    41.9355947

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    FAQs

    What type of property is this?
    Flex space - Chicago North Side flex/showroom/office/warehouse space for lease.
    Where is this flex space located?
    The property is located at 2950 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Prime RIVERFRONT location on Chicago's North Side.; - Flexible M2-3 zoning allows for ALL USES.; - Large space available: 6,246 SF flex/showroom/office/warehouse space, with potential for entire 143,148 SF building.
    (773) 736-3600
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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
    2950 N Western Ave Chicago, IL 60618
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