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    10234-10242 S Michigan Ave Chicago, IL 60628

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    For Lease
    $12 SF/Yr ($8,406 /Mo)

    Retail space with high ceilings and pylon signage available for rent.

    Property size:
    8,406 SF
    Lot size:
    1.02 Acres

    Property Features for 10234-10242 S Michigan Ave

    General Information

    Size
    8,406 SF
    Lot size
    1.02 Acres

    Source: Network Commercial Real Estate Agent Neil Haleem

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

    Overview

    Retail Space with Pylon Signage

    This retail space is located within a site that offers ample parking. The property benefits from a traffic light intersection and pylon signage. Co-tenants include Chase Bank and AutoZone. The space features high ceilings. The property is situated on a site of approximately 51,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6204756
    Latitude
    41.7079651

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    FAQs

    What type of property is this?
    Retail space - Retail space with high ceilings and pylon signage available for rent.
    Where is this retail space located?
    The property is located at 10234-10242 S Michigan Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Co-tenants Chase Bank & AutoZone; - Located at a traffic light intersection; - Plenty of parking on +/- 51,000 sf site
    (708) 927-8000
    Request Owner's contact information
    10234-10242 S Michigan Ave Chicago, IL 60628
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    Chicago, IL 60628
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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
    10234-10242 S Michigan Ave Chicago, IL 60628
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