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    427 N Clark St Chicago, IL 60654

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    For Lease
    Contact for pricing

    Office, retail, or restaurant space in River North.

    Property size:
    949 SF
    Lot size:
    0.22 Acres

    Property Features for 427 N Clark St

    General Information

    Size
    949 SF
    Lot size
    0.22 Acres

    Source: Friedman Properties Agent Brian Chernett

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

    Overview

    River North Mixed-Use Space

    This 949-square-foot space, suitable for office, retail, or restaurant use, is located in River North. The building was originally built in 1872 and renovated in 1999. The property benefits from its location, offering excellent access to public transportation and proximity to ample public parking. The building is owner-managed and features a Sentex security system with 24-hour surveillance, ensuring a secure environment. It includes one elevator and operable windows. The surrounding area features award-winning restaurants and high-end retail establishments. The location provides convenient access to the Loop, Merchandise Mart, and Michigan Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bub Ice Cream ... Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6307607
    Latitude
    41.8902671

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    FAQs

    What type of property is this?
    Office space - Office, retail, or restaurant space in River North.
    Where is this office space located?
    The property is located at 427 N Clark St Chicago, IL.
    What are key features of this property?
    This property features: - Prime River North location surrounded by award-winning restaurants and high-end retail.; - Secure building with Sentex security system and 24-hour surveillance.; - Excellent access to public transportation.
    (312) 644-1100
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    Chicago, IL 60654
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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
    427 N Clark St Chicago, IL 60654
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