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    1208 W Washburne Ave Chicago, IL 60608

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    For Sale
    $3,112,460

    High-performing pharmacy in a strategic location near medical district.

    Property size:
    14,033 SF
    Lot size:
    0.60 Acres

    Property Features for 1208 W Washburne Ave

    General Information

    Size
    14,033 SF
    Lot size
    0.60 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

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

    Overview

    Prime Retail Location in Chicago

    This retail property, currently operating as a dominant pharmacy brand, is situated in an irreplaceable location between a medical district and a university. The property size is 14,033 square feet. It is located in Chicago, Illinois. The surrounding area boasts favorable demographics, including an average household income exceeding $153,000 and a residential population of over 451,000 within a 3-mile radius. The pharmacy is a top-performing store, ranking in the top 11% in the state of Illinois. The property benefits from a 100% depreciation leasehold position.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

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

    Similar Places Nearby

    NuVitality, Natural Male Enhancement, Pilsen Pharmacy, Fairy Dust Beauty Palace, BeardGrub

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.657178
    Latitude
    41.8664067

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    FAQs

    What type of property is this?
    Drug store - High-performing pharmacy in a strategic location near medical district.
    Where is this drug store located?
    The property is located at 1208 W Washburne Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,112,460.
    What are key features of this property?
    This property features: - Irreplaceable location between medical district & university; - Top performing store, in the top 11% in the State of Illinois; - 3-mile demographics boast $153K+ AHHI & 451K residents
    (312) 240-0127
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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
    1208 W Washburne Ave Chicago, IL 60608
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