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    709 S California Ave Chicago, IL 60612

    For Sale
    $150,000

    Strategically located commercial lot with high visibility and accessibility.

    Property Features for 709 S California Ave

    General Information

    Standard status
    Active

    Source: WORLD ONE REALTY Agent RENATA GOMES CARNEIRO

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

    Overview

    Commercial Lot on California Avenue

    This commercial lot offers exceptional visibility and accessibility. Zoned B3-2, the parcel is suitable for a variety of commercial ventures, including a retail store, office building, restaurant, grocery store, or mixed-use development. Adjacent lots 707 and 711 S California are also for sale, allowing for a larger building or a parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -87.6957263
    Latitude
    41.8725629

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    FAQs

    What type of property is this?
    Commercial land - Strategically located commercial lot with high visibility and accessibility.
    Where is this commercial land located?
    The property is located at 709 S California Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Strategically located commercial lot with exceptional visibility and accessibility.; - B3-2 zoning suitable for a variety of commercial ventures.; - Opportunity to purchase adjacent lots for larger development.
    (773) 637-0001
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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
    709 S California Ave Chicago, IL 60612
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