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    1964 W Peterson Ave Chicago, IL 60660

    For Lease
    $14 SF/Yr

    Retail space available in a high-traffic strip center.

    Property Features for 1964 W Peterson Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1982

    Source: COLDWELL BANKER REALTY Agent BRUCE HELLER

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

    Overview

    Retail Space in Strip Center

    This retail space is located in a popular strip center and offers 1,122 square feet of available area. The property features abundant window frontage on Peterson Avenue. Sign boxes and pylon signage are available. The parking lot accommodates 16 cars. The center is currently home to tenants such as Dunkin' Donuts, a cellular dealer, a liquor/convenience store, a fast food restaurant, an insurance agency, and Subway. According to IDOT, the location benefits from high visibility, with approximately 25,300 cars passing the center daily.
    Location Intelligence

    Current Use by Public Records

    Peterson Plaza General Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6795045
    Latitude
    41.9910249

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    FAQs

    What type of property is this?
    Strip mall - Retail space available in a high-traffic strip center.
    Where is this strip mall located?
    The property is located at 1964 W Peterson Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: 25,300 cars pass daily (IDOT data).; - Excellent Exposure: Abundant window frontage on Peterson.; - Signage Opportunities: Sign boxes and pylon sign available.
    (312) 266-7000
    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
    1964 W Peterson Ave Chicago, IL 60660
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