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    1224 W Webster Ave Chicago, IL 60614

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    For Lease
    Contact for pricing

    Retail/restaurant space near Trebes Park and DePaul University.

    Property size:
    2,077 SF
    Lot size:
    0.08 Acres

    Property Features for 1224 W Webster Ave

    General Information

    Size
    2,077 SF
    Lot size
    0.08 Acres

    Source: Canvas Real Estate Agent Anthony Campagni

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

    Overview

    Prime Lincoln Park Retail Opportunity

    This property presents a prime retail or restaurant opportunity in the heart of Lincoln Park. Situated less than one block from the 1.85-acre Trebes Park, it benefits from the park's attraction of neighborhood residents of all ages. The location is surrounded by a dense residential population with an average household income exceeding $250,000 within one mile. The property is located just west of DePaul University and near the Oscar F Mayer School. The property includes an 825-square-foot courtyard, suitable for patio seating or private events, with the ability to be enclosed to meet specific tenant needs. The property has a size of 2077 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.6593922
    Latitude
    41.9219202

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    FAQs

    What type of property is this?
    Retail space - Retail/restaurant space near Trebes Park and DePaul University.
    Where is this retail space located?
    The property is located at 1224 W Webster Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime retail/restaurant location in the heart of Lincoln Park.; - High-income demographic: Average household income exceeds $250,000 within one mile.; - Situated near Trebes Park, DePaul University, and Oscar F Mayer School.
    (773) 887-8212
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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
    1224 W Webster Ave Chicago, IL 60614
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