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    632-642 W Addison St Chicago, IL 60613

    For Lease
    $30 SF/Yr ($700 /Mo)

    Prime retail leasing opportunity in Chicago, Illinois.

    Property size:
    280 SF
    Lot size:
    0.61 Acres

    Property Features for 632-642 W Addison St

    General Information

    Size
    280 SF
    Lot size
    0.61 Acres

    Source: Jameson Commercial Agent Robert Jay Friedman

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

    Overview

    Retail Space on Addison Street

    This property at 644 West Addison Street, Chicago, IL, 60613, presents a leasing opportunity. The property offers an ideal location and modern amenities, suitable for businesses. It features generous square footage and versatile layouts, providing an adaptable environment for various industries. The architectural design and ample natural light create an inviting atmosphere. Convenient parking facilities ensure ease of access for both employees and clients. The property size is 280 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6469487
    Latitude
    41.9480701

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    FAQs

    What type of property is this?
    Retail space - Prime retail leasing opportunity in Chicago, Illinois.
    Where is this retail space located?
    The property is located at 632-642 W Addison St Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Ideal location in Chicago; - Generous square footage; - Versatile layouts adaptable to various industries
    (312) 810-7203
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    632-642 W Addison St Chicago, IL 60613
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    Chicago, IL 60613
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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
    632-642 W Addison St Chicago, IL 60613
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