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    4700 N Racine Ave Chicago, IL 60640

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    For Lease
    $24 SF/Yr ($3,600 /Mo)

    Storefront in mixed-use building, ideal for restaurant or cafe.

    Property size:
    1,800 SF
    Lot size:
    0.25 Acres

    Property Features for 4700 N Racine Ave

    General Information

    Size
    1,800 SF
    Lot size
    0.25 Acres

    Source: Strauss Realty, Ltd. Agent Patrick Duffy

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

    Overview

    Sheridan Park Retail Opportunity

    This 1,800-square-foot storefront is located in a mixed-use building in the Sheridan Park neighborhood of Uptown. The building is undergoing a multi-million dollar rehabilitation. The space was previously used as a coin laundry and includes a fire-rated chase to the roof, making it suitable for a cafe or restaurant. The location offers potential for sidewalk seating.
    Insight Report Location Intelligence

    Current Use by Public Records

    Happy Life Laundromat ... Laundromat thesignatureonline Consultant Darlington Hotel Hotel Darlington Apartments Apartment Building

    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
    -87.6600561
    Latitude
    41.9673905

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    FAQs

    What type of property is this?
    Retail space - Storefront in mixed-use building, ideal for restaurant or cafe.
    Where is this retail space located?
    The property is located at 4700 N Racine Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Fire-rated chase to the roof allows for restaurant/cafe use (black iron).; - Located in the heart of Sheridan Park (Uptown).; - Huge sidewalk seating potential.
    (773) 736-3600
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    4700 N Racine Ave Chicago, IL 60640
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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
    4700 N Racine Ave Chicago, IL 60640
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