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    1301 E 47Th St Chicago, IL 60653

    For Lease
    $20 SF/Yr

    Spacious property suitable for retail, office, or restaurant use.

    Property size:
    16,045 SF
    Lot size:
    3.98 Acres

    Property Features for 1301 E 47Th St

    General Information

    Size
    16,045 SF
    Lot size
    3.98 Acres

    Source: Blue Star Properties Agent Amy Skalla

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

    Overview

    Versatile Space in Prime Location

    This property features a spacious interior suitable for retail, office, or restaurant use. The interior boasts ample space with open floor plans and versatile layout options. Situated on a bustling street with high foot traffic, the property offers excellent visibility and exposure for potential businesses. The property offers 16,045 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Michael A. McGee, MD, ... Emergency Care Physician Carlos Frederick Smith Podiatrist Chicago Center for Sports ... Medical Clinic Quantum Martial Arts Martial Arts Club Airron Richardson, MD Emergency Care Physician

    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
    -87.6595935
    Latitude
    41.8084293

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    FAQs

    What type of property is this?
    Retail space - Spacious property suitable for retail, office, or restaurant use.
    Where is this retail space located?
    The property is located at 1301 E 47Th St Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Situated on a bustling street with high foot traffic, offering excellent visibility and exposure.; - Spacious Interior: Ample space suitable for retail, office, or restaurant use.; - Versatile Layout Options: Open floor plans provide flexibility for various business needs.
    (312) 962-1920
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    Chicago, IL 60653
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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
    1301 E 47Th St Chicago, IL 60653
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