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    1318 N Western Ave Chicago, IL 60622

    For Lease
    $26 SF/Yr ($3,683 /Mo)

    New construction retail or office space in Wicker Park.

    Property size:
    1,700 SF
    Lot size:
    0.19 Acres

    Property Features for 1318 N Western Ave

    General Information

    Size
    1,700 SF
    Lot size
    0.19 Acres

    Source: Colliers | Chicago Downtown Agent Hunter Cannon

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

    Overview

    New Construction Retail/Office Space

    This new construction commercial space offers approximately 1,700 square feet suitable for street retail or office use. The space features high ceilings and 50 feet of storefront frontage with large windows. Situated in Chicago's Wicker Park neighborhood, known for its trendy atmosphere, the location is near Presence Saint Mary's & Elizabeth Hospital, which has over 2,100 employees. The property benefits from high visibility and foot traffic, with a traffic count of 39,400 vehicles per day and a walk score of 91, indicating a walker's paradise. The Wicker Park/Bucktown area is known for emerging bands, high fashion boutiques, gourmet restaurants and artsy businesses. Ideal uses include retail, service retail, medical, financial services, or real estate. The location offers heavy vehicle traffic and high mobility scores, and is approximately 5.5 blocks from the Western or Damen Blue Line L stops.
    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
    -87.6874858
    Latitude
    41.9054533

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    FAQs

    What type of property is this?
    Retail space - New construction retail or office space in Wicker Park.
    Where is this retail space located?
    The property is located at 1318 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility frontage (50 feet) with fantastic window line.; - Located in the trendy Wicker Park neighborhood.; - High traffic count (39,400 VPD) and very high foot traffic.
    (773) 220-4821
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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
    1318 N Western Ave Chicago, IL 60622
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