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    2044 W 47Th St, Unit | Chicago Chicago, IL 60609

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    For Sale
    Contact for pricing

    Prominent retail outlot with high-density demographics and national retailers nearby.

    Building Details

    Year built
    2010

    Source: Brendan Reedy Agent Brendan Reedy

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

    Overview

    Retail Outlot at Signalized Intersection

    This retail property is a prominent outlot situated at a signalized intersection, marking the main entrance to Yards Plaza. It is located across the street from Back of the Yards Prep School in a densely populated area. The property is surrounded by numerous national retailers, offering total site plan flexibility. Approximate lot dimensions are 104.5 feet of frontage by 130 feet of depth. The property is intended for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -87.6768477
    Latitude
    41.8087948

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    FAQs

    What type of property is this?
    Retail property - Prominent retail outlot with high-density demographics and national retailers nearby.
    Where is this retail property located?
    The property is located at 2044 W 47Th St, Unit | Chicago Chicago, IL.
    What are key features of this property?
    This property features: - Prominent outlot location at a signalized intersection.; - Main entrance to Yards Plaza.; - Extremely dense surrounding demographics.
    (630) 954-7390
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    2044 W 47Th St, Unit | Chicago Chicago, IL 60609
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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
    2044 W 47Th St, Unit | Chicago Chicago, IL 60609
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