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    5038-5050 N Broadway St Chicago, IL 60640

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    For Lease
    $32 SF/Yr ($10,514 /Mo)

    Retail space at the base of The Draper building.

    Property size:
    3,943 SF
    Lot size:
    2.14 Acres

    Property Features for 5038-5050 N Broadway St

    General Information

    Size
    3,943 SF
    Lot size
    2.14 Acres

    Source: Goldstreet Partners Agent Allan Perales

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

    Overview

    Retail Space in Uptown Chicago

    Located at the base of The Draper, a 342-unit residential building, this retail space is situated in Chicago’s Uptown neighborhood. The property offers a warm, dark shell retail opportunity with medical co-tenancy. It is adjacent to the Argyle CTA stop, which sees 834,807 riders annually, and a public parking garage. The available space measures 3,943 square feet. The landlord is well-capitalized and willing to assist with buildout costs. The intended use of the property is retail.
    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
    -87.6602642
    Latitude
    41.973951

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    FAQs

    What type of property is this?
    Retail space - Retail space at the base of The Draper building.
    Where is this retail space located?
    The property is located at 5038-5050 N Broadway St Chicago, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Located at the base of The Draper (342-unit residential building) in Chicago’s growing Uptown neighborhood.; - Adjacent to the Argyle CTA stop (834,807 Riders Annually).; - Well-capitalized landlord that is willing to assist with the cost of buildout.
    (847) 274-8504
    Request Owner's contact information
    5038-5050 N Broadway St Chicago, IL 60640
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    Chicago, IL 60640
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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
    5038-5050 N Broadway St Chicago, IL 60640
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