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    511 W Division St Chicago, IL 60610

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    For Lease
    $21 SF/Yr

    Ground-floor commercial condo in Old Town, ideal for various uses.

    Property Features for 511 W Division St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2008

    Source: SPERRY VAN NESS Agent ADAM NAPP

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

    Overview

    Division Street Commercial Condo for Lease

    Located at the southwest corner of Division Street and Cleveland Avenue, this ground-floor commercial condominium is part of the Mixed-Use Planned Development called Parkside of Old Town. The 1,250 square foot space includes a newly created 650 square foot mezzanine. The property features a 20-foot entryway, 10.5-foot ceilings on the ground floor, and an abundance of natural light. Recently completed improvements include a bathroom, mechanicals, and polished floors. Open parking is available on Division Street in front of the property. Indoor garage parking is available via a waitlist. The location is near Target, Jewel, Chase, and the New City development, which includes Mariano's and Dick's Sporting Goods. The space is suitable for medical office, office, and event space tenants. The property is well-served by bus, public transportation, and an interstate highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gary SwiftWall Services Wallpaper Installer ParkSide of Old Town Condominium Complex Jacob Inc Event Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6416955
    Latitude
    41.9034969

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    FAQs

    What type of property is this?
    Office space - Ground-floor commercial condo in Old Town, ideal for various uses.
    Where is this office space located?
    The property is located at 511 W Division St Chicago, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Old Town near Target, Jewel, Chase, Mariano's, and Dick's Sporting Goods.; - Versatile 1,250 SF ground floor space with an additional 650 SF mezzanine.; - Ideal for Medical Office, Office, and Event Space tenants.
    (312) 676-1866
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    511 W Division St Chicago, IL 60610
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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
    511 W Division St Chicago, IL 60610
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