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    1240 N Homan Ave Chicago, IL 60623

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    For Lease
    $13 SF/Yr ($1,841 /Mo)

    Recently renovated retail space with convenient transportation and parking.

    Property size:
    1,700 SF
    Lot size:
    2.08 Acres

    Property Features for 1240 N Homan Ave

    General Information

    Size
    1,700 SF
    Lot size
    2.08 Acres

    Source: Cawley Chicago Agent Kalie Korpitz

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

    Overview

    Renovated Retail Space Available

    This retail space features a recently renovated building lobby and common area. The property offers polished steel plate and hardwood floor options. It includes two freight elevators with a loading dock. A parking deck with a heated driveway is available. The location is steps from the Homan / Potomac bus stop. Each suite has tenant-controlled climate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PRINTLAB Print Shop Specimen Guitar Store Sullwood, Inc. Equipment Supplier Skyline Design Glass Manufacturer Peter Bucks Fine ... Artist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.7124185
    Latitude
    41.9041193

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    FAQs

    What type of property is this?
    Retail space - Recently renovated retail space with convenient transportation and parking.
    Where is this retail space located?
    The property is located at 1240 N Homan Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Recently renovated building lobby and common area.; - Parking deck with heated driveway.; - Two freight elevators with loading dock.
    (815) 508-8079
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    1240 N Homan Ave Chicago, IL 60623
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    Chicago, IL 60623
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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
    1240 N Homan Ave Chicago, IL 60623
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