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    1340 W Irving Park Rd, Unit 1 Chicago, IL 60613

    For Sale
    $315,000

    Move-in-ready salon space in Lakeview's Southport Corridor with parking.

    Property Features for 1340 W Irving Park Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1920

    Source: CB REAL ESTATE LLC Agent CATHRYN BROWNE

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

    Overview

    Southport Corridor Commercial Condo with Parking

    Located at the intersection of Southport and Irving Park Road, this commercial condominium in the Southport Corridor is suited for various business ventures, excluding food and beverage. The property is a move-in-ready salon space that has been established for over 22 years. It presents an opportunity to expand an existing beauty or hair business or to re-imagine the space for a new venture. A parking space is included with the sale. Situated in a dense retail and residential area of Lakeview, the commercial condo benefits from foot traffic and ground floor visibility. The current owner, who has operated a successful salon in this location for over 20 years, is open to selling the equipment, which includes 2 shampoo stations, 2 dryers, 1 pedicure station, 1 manicure station, 4 salon chairs, and 1 reception desk. Showings are available by appointment only Monday through Saturday from 11 AM to 5 PM. Do not disturb the tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Image Showcase Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.663891
    Latitude
    41.955148

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    FAQs

    What type of property is this?
    Retail space - Move-in-ready salon space in Lakeview's Southport Corridor with parking.
    Where is this retail space located?
    The property is located at 1340 W Irving Park Rd, Unit 1 Chicago, IL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: - Prime Southport Corridor location at a lighted intersection with high foot traffic and ground floor visibility.; - Includes a deeded parking space.; - Move-in-ready commercial condominium suitable for various business ventures.
    Request Owner's contact information
    1340 W Irving Park Rd, Unit 1 Chicago, IL 60613
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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
    1340 W Irving Park Rd, Unit 1 Chicago, IL 60613
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