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    4720 E 47Th St Chicago, IL 60653

    For Sale
    Contact for pricing

    Retail property in mixed-use project, built in 2014.

    Property size:
    40,492 SF
    Lot size:
    2.60 Acres

    Property Features for 4720 E 47Th St

    General Information

    Size
    40,492 SF
    Lot size
    2.60 Acres

    Source: CBRE | Chicago Agent Jim Sakanich

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

    Overview

    Former Walmart Neighborhood Market

    This is a former Walmart Neighborhood Market, constructed in 2014. The property is situated within the Shops & Lofts at 47, a mixed-use project comprising 96 units across five buildings. The site is zoned PD 1095 and benefits from its location along CTA bus routes #4 and #47. The property has a size of 40492 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7416437
    Latitude
    41.8079098

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property in mixed-use project, built in 2014.
    Where is this grocery and convenience store located?
    The property is located at 4720 E 47Th St Chicago, IL.
    What are key features of this property?
    This property features: - Former Walmart Neighborhood Market; - Located in a 96-unit mixed-use project; - Built in 2014
    (847) 572-1455
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    4720 E 47Th St Chicago, IL 60653
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    Chicago, IL 60653
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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
    4720 E 47Th St Chicago, IL 60653
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