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    4900 N Elston Ave Chicago, IL 60642

    For Lease
    $16 SF/Yr ($10,933 /Mo)

    8,200 SF flex space on Elston Corridor for lease.

    Property size:
    8,200 SF
    Lot size:
    0.43 Acres

    Property Features for 4900 N Elston Ave

    General Information

    Size
    8,200 SF
    Lot size
    0.43 Acres

    Source: Lichter Realty Inc Agent Mary Lichter

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

    Overview

    Elston Corridor Flex Space

    The property offers 8,200 square feet of commercial-industrial flex space for lease. It is situated on the Elston Corridor, providing convenient access to the I-90 and I-94 expressways. The building features parking and frontage for signage. The space is characterized by high ceilings and minimal columns. The landlord offers the option of a vanilla box or a custom built-to-suit space. The space is suitable for various uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    ParkChicago #504108 Public Parking Space UpBeat Music and Arts Music School Zachary A. Design Furniture Maker

    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.

    Similar Places Nearby

    Atzimba Catering and Events, letuscater

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7429599
    Latitude
    41.9694965

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    FAQs

    What type of property is this?
    Flex space - 8,200 SF flex space on Elston Corridor for lease.
    Where is this flex space located?
    The property is located at 4900 N Elston Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 8,200 sq ft of flexible commercial-industrial space suitable for various uses.; - Prime location on the Elston Corridor with proximity to I-90 and I-94 expressways.; - High-cube space with high ceilings and minimal columns.
    (773) 463-0501
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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
    4900 N Elston Ave Chicago, IL 60642
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