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    1909 W Grand Ave Chicago, IL 60611

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    For Sale
    $2,750,000

    Retail property with investment tenant and repositioning opportunity in Chicago.

    Property size:
    16,050 SF
    Lot size:
    0.05 Acres

    Property Features for 1909 W Grand Ave

    General Information

    Size
    16,050 SF
    Lot size
    0.05 Acres

    Source: Cawley Chicago Agent Zach Pruitt

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

    Overview

    Chicago Retail Property For Sale

    This retail property features an investment-grade anchor tenant with four years remaining on the current lease term. It offers complimentary income from a signage lease and current in-place income from a short-term lease for one of three residential units. There is an immediate opportunity to reposition the second floor for commercial use. Vacancies in the Kinzie Corridor are at 5.80% and in the Grand Ave Corridor at 5.20%, down from 10.09% and 7.30% respectively in five years. The five-year inventory is nearly unchanged, with minimal new development proposed. Asking rates are up an average of $6.00 per RSF in the Grand Ave Corridor and $12.00 per RSF in the Kinzie Corridor. The property offers the ability to increase efficiencies of the floor plan and total rentable building area. There is potential for additional advertising income on the west-facing wall, with more than 28,263 views via VPD and daily bus commuters. The property is located at 1909 W Grand Ave, Chicago, IL and has a property size of 16,050 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    NAPA Auto Parts Auto Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6748947
    Latitude
    41.8906507

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    FAQs

    What type of property is this?
    Retail space - Retail property with investment tenant and repositioning opportunity in Chicago.
    Where is this retail space located?
    The property is located at 1909 W Grand Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Investment grade anchor tenant with four years remaining on current lease.; - Immediate opportunity to reposition second floor to commercial use.; - Potential for additional advertising income on west-facing wall (28,263+ views via VPD and Daily Bus Commuters).
    (312) 766-4291
    Request Owner's contact information
    1909 W Grand Ave Chicago, IL 60611
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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
    1909 W Grand Ave Chicago, IL 60611
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