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    2740 W Cermak Rd Chicago, IL 60608

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    For Lease
    $1,000 /Mo ($1.20 SF/Yr)

    High-traffic location near California Ave and CTA Pink Line.

    Property size:
    10,000 SF
    Lot size:
    0.28 Acres

    Property Features for 2740 W Cermak Rd

    General Information

    Size
    10,000 SF
    Lot size
    0.28 Acres

    Source: First Western Properties Agent Paul Tsakiris

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

    Overview

    Cermak Road Retail/Office Space

    Three spaces are available for lease at the Cermak Road and California Avenue intersection. The first is a 10,000-square-foot second-floor space featuring new floor-to-ceiling windows, masonry work, and a 12-foot ceiling height. A 700-square-foot first-floor retail space is also available. Additionally, there is 10,000 square feet of basement space for lease. Dollar General occupies the first floor. The property is located east of California Avenue on Cermak Road, adjacent to the CTA Pink Line and just south of historic Douglass Park.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Convenience Store KeyMe Locksmiths Locksmith Western Union Money Transfer Service Finessedbyness Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6948017
    Latitude
    41.8521967

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    FAQs

    What type of property is this?
    Office space - High-traffic location near California Ave and CTA Pink Line.
    Where is this office space located?
    The property is located at 2740 W Cermak Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $1.20 SF/Yr.
    What are key features of this property?
    This property features: - 10,000sf of **renovated second floor space** featuring new floor-to-ceiling windows, masonry, and 12-foot ceiling height.; - High-traffic location at the Cermak/California intersection.; - Proximity to the CTA Pink train line.
    (773) 355-4780
    Request Owner's contact information
    2740 W Cermak Rd Chicago, IL 60608
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    Chicago, IL 60608
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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
    2740 W Cermak Rd Chicago, IL 60608
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