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    223 W Lake St Chicago, IL 60601

    For Lease
    $980,000

    4,900 SF retail space with high foot traffic.

    Property size:
    4,900 SF
    Lot size:
    0.17 Acres

    Property Features for 223 W Lake St

    General Information

    Size
    4,900 SF
    Lot size
    0.17 Acres

    Source: Jameson Commercial Agent Rick Gardella

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

    Overview

    Spacious Retail Building on Lake

    Located at 223 W Lake St, this property offers a spacious 4,900 SF building suitable for retail or street retail investment. The location provides high visibility for foot traffic, with ample space for retail displays and an attractive storefront designed to appeal to customers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.634885
    Latitude
    41.8853774

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    FAQs

    What type of property is this?
    Retail space - 4,900 SF retail space with high foot traffic.
    Where is this retail space located?
    The property is located at 223 W Lake St Chicago, IL.
    What are key features of this property?
    This property features: - Prime 223 W Lake St location; - High visibility for foot traffic; - Spacious 4,900 SF building
    (312) 296-9669
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    223 W Lake St Chicago, IL 60601
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    Chicago, IL 60601
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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
    223 W Lake St Chicago, IL 60601
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