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    1551 W Division St Chicago, IL 60642

    For Lease
    $40 SF/Yr

    2,800 SF space with high ceilings and great visibility.

    Property Features for 1551 W Division St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1878

    Source: STRAUSS REALTY LTD Agent CRAIG WOLF

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

    Overview

    Unique Space in Polish Triangle

    This 2,800 square foot space is located in a clear-span building featuring a 22.5-foot high ceiling without columns or pillars. Formerly a bar/nightclub, the location offers visibility from three streets in the Polish Triangle. The Division CTA Blue Line and bus stops are located across the street. Vehicle traffic counts include 15,400 vehicles per day on Division Street, 23,400 vehicles per day on Ashland Avenue, and 12,100 vehicles per day on Milwaukee Avenue. An I-90/94 ramp is located two blocks away. The immediate vicinity includes bars, restaurants, and retailers such as Target, Popeyes, Wendy's, Foot Locker, Fifth Third Bank, PNC Bank, and Verizon. The property is suitable for bars, restaurants, retail properties, retail space, and individual retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

    Similar Places Nearby

    Starbucks, The Dandy Crown, Blood Cross, Kizmah CBD, Irish Nobleman Pub

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6671326
    Latitude
    41.9031061

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    FAQs

    What type of property is this?
    Bar - 2,800 SF space with high ceilings and great visibility.
    Where is this bar located?
    The property is located at 1551 W Division St Chicago, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Tremendous visibility at the Polish Triangle intersection with high traffic from 3 streets.; - Clear-span building boasts a high 22.5' ceiling and no columns.; - Excellent transportation access: Directly across from CTA Blue Line and bus stops; I-90/94 ramp 2 blocks away.
    (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
    1551 W Division St Chicago, IL 60642
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