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    232 S Halsted St Chicago, IL 60661

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    For Lease
    $36 SF/Yr

    1,650 SF retail/restaurant space with high ceilings and large windows.

    Property Features for 232 S Halsted St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1935

    Source: MILLENNIUM PROPERTIES RE, INC. Agent DANIEL HYMAN

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

    Overview

    Retail Storefront Near Jackson/Halsted Corner

    Located just off the stoplit corner of Jackson and Halsted, this 1,650 square foot retail storefront is available for rent. The unit presents potential as either retail or restaurant space, featuring high ceilings, large windows, and a good window line on Halsted. The building has been recently updated with a new facade that includes ample room for signage. The adjacent space was recently leased to a spa. Several new residential buildings have been developed nearby, including student housing for UIC and other colleges in the Loop.
    Location Intelligence

    Current Use by Public Records

    Sunny Spa Spa

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.647504
    Latitude
    41.8782292

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    FAQs

    What type of property is this?
    Retail space - 1,650 SF retail/restaurant space with high ceilings and large windows.
    Where is this retail space located?
    The property is located at 232 S Halsted St Chicago, IL.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location at the corner of Jackson and Halsted.; - Versatile 1,650 sq ft space suitable for retail or restaurant use.; - Recently updated facade with ample signage opportunities.
    (312) 338-3000
    Request Owner's contact information
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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
    232 S Halsted St Chicago, IL 60661
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