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    1625 N Harlem Ave Chicago, IL 60707

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    For Lease
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    Rare retail center development with drive-thru opportunity in Chicago.

    Property size:
    25,000 SF
    Lot size:
    7.14 Acres

    Property Features for 1625 N Harlem Ave

    General Information

    Size
    25,000 SF
    Lot size
    7.14 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Paul Bryant

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

    Overview

    Retail Center Development Opportunity

    This retail center development opportunity is located at the intersection of Chicago, River Forest, Oak Park, and Elmwood Park. The site offers drive-thru pad opportunities along Harlem Avenue, which sees 66,000 vehicles per day at the North and Harlem intersection. Adjacent to a new 152-unit residential development, the location features 270 parking spaces at the northeast corner of North and Harlem and 80 parking spaces at the southwest corner of Harlem and Wabansia. Anchor space is available, ranging from 25,000 to over 40,000 square feet. Small shop space is also available, divisible to 1,200 square feet. Delivery is expected in Q4 2022.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    box furniture store, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.805265
    Latitude
    41.9098283

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    FAQs

    What type of property is this?
    Shopping center - Rare retail center development with drive-thru opportunity in Chicago.
    Where is this shopping center located?
    The property is located at 1625 N Harlem Ave Chicago, IL.
    What are key features of this property?
    This property features: - High traffic location: **66,000 vehicles per day at North and Harlem intersection.**; - **Drive-thru pad opportunities available.**; - **Anchor space available: 25,000 – 40,000+ SF.**
    (630) 954-7327
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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
    1625 N Harlem Ave Chicago, IL 60707
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