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    3108 S Emerald Ave Chicago, IL 60616

    For Lease
    $30 SF/Yr ($7,500 /Mo)

    3,000 SF fully built-out space on high-traffic corner.

    Property size:
    3,000 SF
    Lot size:
    0.36 Acres

    Property Features for 3108 S Emerald Ave

    General Information

    Size
    3,000 SF
    Lot size
    0.36 Acres

    Source: CRER Agent Nate Gautsche, CCIM

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

    Overview

    High-Traffic Corner Retail Opportunity

    This is a 3,000 square foot space, fully built out as a Dunkin’ Donuts, located on the corner of 31st and Halsted. The store has been operating since 2004. The space includes a fully built-out kitchen and back office. The current lease agreement extends through March 2025, with options for additional terms negotiable with building ownership. The previous tenant is vacating the premises in July 2022 upon completion of their new construction drive-thru next door. This property is suitable for coffee shops, restaurants, and retail properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    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

    Bridgeport Coffeehouse, Bridgeport Yogurt and Cafe, Boba Plug's Teahouse, Cook It Mama Cafe, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6454041
    Latitude
    41.8375966

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    FAQs

    What type of property is this?
    Coffee shop - 3,000 SF fully built-out space on high-traffic corner.
    Where is this coffee shop located?
    The property is located at 3108 S Emerald Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic corner location at 31st and Halsted.; - Fully built-out 3,000 SF Dunkin’ Donuts space.; - High-performing store with operating history since 2004.
    (312) 925-2521
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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
    3108 S Emerald Ave Chicago, IL 60616
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