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    5240 N Sheridan Rd Chicago, IL 60613

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    For Lease
    Contact for pricing

    Retail and office spaces available near Chicago's Red Line.

    Property size:
    700 SF
    Lot size:
    0.52 Acres

    Property Features for 5240 N Sheridan Rd

    General Information

    Size
    700 SF
    Lot size
    0.52 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Chelsea Henderson

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

    Overview

    Retail/Office Space Near Red Line

    Available for lease are a 1,344-square-foot retail space located in the south endcap suite and a 700-square-foot office space. The property is located within a 10-minute walking distance from the Red Line at the Argyle stop.
    Location Intelligence

    Current Use by Public Records

    The Wyndham Apartments Apartment Building Om Kha Yoga Yoga Studio Terry Tobolik Apartment Building Aris Mitchell Accounting Consultant Adriana Sevahn Nichols Clothing Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.6554463
    Latitude
    41.9775188

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    FAQs

    What type of property is this?
    Office space - Retail and office spaces available near Chicago's Red Line.
    Where is this office space located?
    The property is located at 5240 N Sheridan Rd Chicago, IL.
    What are key features of this property?
    This property features: - 1,344 SF Retail Space; - 700 SF Office Space; - South Endcap Suite
    (847) 337-5287
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    5240 N Sheridan Rd Chicago, IL 60613
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    Chicago, IL 60613
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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
    5240 N Sheridan Rd Chicago, IL 60613
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