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    1529 W Armitage Ave Chicago, IL 60642

    For Lease
    $14 SF/Yr

    Move-in ready timber loft near Lincoln Yards development.

    Property Features for 1529 W Armitage Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1890

    Source: STRAUSS REALTY LTD Agent PATRICK DUFFY

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

    Overview

    Timber Loft Ready for Occupancy

    This timber loft is move-in ready and features high ceilings, exposed brick, abundant natural light, sandblasted timber beams, and hardwood floors. It includes new HVAC, windows, and a kitchenette. The property is suitable for creative office space, light assembly, retail, and storage. The location is near the new Lincoln Yards development, one block from the Clybourn Metra stop, and close to the Armitage exit from the Kennedy Expressway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McCathay Timber, Inc. Distribution Service Love Emme Gift Shop Interior Drama Home ... Interior Decorator Midan Marketing Marketing Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6665995
    Latitude
    41.9179274

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    FAQs

    What type of property is this?
    Creative space - Move-in ready timber loft near Lincoln Yards development.
    Where is this creative space located?
    The property is located at 1529 W Armitage 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: - Move-in ready timber loft in a great location next to the new Lincoln Yards development.; - One block to Clybourn Metra stop and convenient access to the Kennedy Expressway (Armitage exit).; - High ceilings, exposed brick, sandblasted timber beams, and hardwood floors.
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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
    1529 W Armitage Ave Chicago, IL 60642
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