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    11820-11838 S Western Ave Chicago, IL 60643

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    For Lease
    $17 SF/Yr ($2,125 /Mo)

    Commercial space with high visibility and convenient access.

    Property size:
    1,500 SF
    Lot size:
    0.40 Acres

    Property Features for 11820-11838 S Western Ave

    General Information

    Size
    1,500 SF
    Lot size
    0.40 Acres

    Source: Matanky Realty Group Agent Terri J. Cox

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

    Overview

    Prime Retail Space Available

    Available commercial space offers 1,450 and 1,500 square feet. The location benefits from high visibility, with approximately 14,000 vehicles passing by daily. Free street parking is available directly in front of the space. The property is situated in a dynamic market area with multiple golf clubs and private schools nearby. Its strategic location provides close proximity to established brands, offering an opportunity to establish a strong market presence. The intersection experiences a combined daily traffic volume of 25,000 vehicles.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6810846
    Latitude
    41.6782887

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    FAQs

    What type of property is this?
    Retail space - Commercial space with high visibility and convenient access.
    Where is this retail space located?
    The property is located at 11820-11838 S Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location with 25,000 vehicles passing the intersection daily.; - Prime commercial space available in 1,450 & 1,500 SF configurations.; - Convenient access with free street parking.
    (773) 517-9740
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    Chicago, IL 60643
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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
    11820-11838 S Western Ave Chicago, IL 60643
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