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    1406 W Taylor St Chicago, IL 60607

    For Lease
    $30 SF/Yr

    Excellent retail location in Little Italy near UIC and Medical District.

    Property Features for 1406 W Taylor St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1907

    Source: MILLENNIUM PROPERTIES RE, INC. Agent DANIEL HYMAN

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

    Overview

    Prime Retail Space on Taylor

    This retail space is available for lease in the Little Italy, UIC, and Illinois Medical District neighborhood. The storefront features a window line directly on Taylor Street with southern exposure. Taylor Street serves as the central corridor for Little Italy, hosting local and national businesses, along with restaurants. A new mixed-use development, including a new Chicago Public Library, is located less than a block away. The neighborhood has a high concentration of professionals, graduate, and undergraduate students. The Little Italy/University Village neighborhood is located approximately three miles west of downtown Chicago.
    Location Intelligence

    Current Use by Public Records

    Chicago BLS & ACLS ... Emergency Training

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store 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
    -87.661843
    Latitude
    41.86939

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    FAQs

    What type of property is this?
    Retail space - Excellent retail location in Little Italy near UIC and Medical District.
    Where is this retail space located?
    The property is located at 1406 W Taylor St Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail location on Taylor St. in Little Italy, a central corridor for local and national businesses and restaurants.; - Excellent window line with southern exposure on a high-traffic street.; - Located in a bustling neighborhood with a high concentration of professionals and students.
    (312) 338-3000
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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
    1406 W Taylor St Chicago, IL 60607
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