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    2461 W Grand Ave Chicago, IL 60612

    For Lease
    $12 SF/Yr

    Two-story corner building, ideal for restaurant or retail use.

    Property Features for 2461 W Grand Ave

    General Information

    Standard status
    Active

    Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

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

    Overview

    West Town Corner Building For Rent

    This two-story corner building is located on the intersection of Grand and Campbell Avenues in West Town. The raw space is suitable for a restaurant or retail business. The building's exterior underwent a complete renovation in 2024. Previously used as a cafe, the property features a 14-foot ceiling height on the first floor and a 10-foot ceiling height on the second floor. The location is across from Smith Park and one block from the Western Metra station. It features 60 feet of frontage on Grand Avenue and 103 feet of frontage on Campbell Avenue.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6888825
    Latitude
    41.8907579

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    FAQs

    What type of property is this?
    Retail space - Two-story corner building, ideal for restaurant or retail use.
    Where is this retail space located?
    The property is located at 2461 W Grand Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location on Grand and Campbell Avenues in West Town, offering high visibility.; - Ideal raw space suitable for restaurant or retail use.; - Recently renovated exterior (2024).
    (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
    2461 W Grand Ave Chicago, IL 60612
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