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    3101 W Cermak Rd, Unit A Chicago, IL 60623

    For Lease
    $28 SF/Yr

    Corner retail space with high visibility in Little Village.

    Property Features for 3101 W Cermak Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    2003

    Source: VISTA GROUP REALTY INC Agent NADIYA GERACI

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

    Overview

    Prime Corner Retail Space Available

    The property at 3101-05 W Cermak Road is positioned on a corner at the intersection of Cermak and Albany. The location features dual access points, providing visibility and convenience. Historically, the property was used as a bank. On-site parking is available. The property is located in the Little Village community, offering a setting for business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luis Printing Commercial Printer Hallberg Insurance Network Insurance Agency Chase Bank Bank Chase Mortgage Mortgage Lender Cici Nails(Little Village) Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.7030586
    Latitude
    41.8515374

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    FAQs

    What type of property is this?
    Bank - Corner retail space with high visibility in Little Village.
    Where is this bank located?
    The property is located at 3101 W Cermak Rd, Unit A Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of Cermak and Albany.; - Dual access points offering unrivaled visibility and convenience.; - Ample on-site parking.
    Request Owner's contact information
    3101 W Cermak Rd, Unit A Chicago, IL 60623
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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
    3101 W Cermak Rd, Unit A Chicago, IL 60623
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