Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4730 W Irving Park Rd Chicago, IL 60613

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in historic Six Corners development.

    Property size:
    5,185 SF
    Lot size:
    2.64 Acres

    Property Features for 4730 W Irving Park Rd

    General Information

    Size
    5,185 SF
    Lot size
    2.64 Acres

    We can help!

    Listing Contact
    Paul Bryant
    Paul Bryant
    Source: Moodyscre

    Listing Agency: Mid-America Real Estate Listing Agent: Paul Bryant

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

    Learn more

    Property Insight Report

    Overview

    Six Corners Retail Opportunity

    This is a retail development located in the historic Six Corners area, featuring 200 residential units. A free-standing anchor space is available, ranging from 29,000 to 58,000 square feet. There is a signed lease with a 45,000 square feet retailer. Additionally, small shop space is available, totaling 5,185 square feet and divisible to 3,000 square feet, fronting Cicero Avenue. The property includes 320 parking spaces, providing a ratio of 4 spaces per 1,000 square feet. Approximately 60,000 vehicles pass through Six Corners daily. The space is expected to be available in Q1 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Home Appliance Store Bank of America ATM Atm Dr. Miklos Balogh Eye Care Center Starbucks Cafe & Coffee Shop Help, Let me ... Arcade & Gaming Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Coin Time Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Keycafe, Defiant Theatre, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7466587
    Latitude
    41.9539805

    Nearby Similar for Lease

    • New
      Contact for pricing

      Pilsen Arts District Commercial Space

      1200 sq ft space in vibrant Pilsen Arts District.
      1610 S Halsted St, Chicago, IL 60608
      View Details
    • New
      Contact for pricing

      Corner Commercial Space in Chicago

      Highly visible corner space in West Town/East Village/Ukrainian Village.
      1901 W Chicago Ave, Chicago, IL 60622
      View Details
    • Contact for pricing
      4,792 SF

      Medical Office Space Available

      Equipped medical office suite for lease in Chicago.
      7107 W Belmont Ave, Chicago, IL 60634
      View Details
    • Contact for pricing
      4,792 SF

      Medical Office Space Available

      Equipped medical office suite for lease in Chicago.
      7107 W Belmont Ave, Chicago, IL 60634
      View Details
    • Contact for pricing
      7,841 SF

      Corner Commercial Space in Chicago

      High-traffic corner location suitable for multiple uses.
      4301 W Grand Ave, Chicago, IL 60651
      View Details
    • Contact for pricing

      Remodeled Storefront in Logan Square

      Turnkey 1150 SF storefront in Logan Square/Bucktown area.
      2623 W Armitage Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      88,427 SF

      Roseland Medical Center Office Space

      Second-generation medical office space in established Chicago medical campus.
      134 W 111Th St, Chicago, IL 60628
      View Details
    • Contact for pricing

      Southport Corridor Retail Space Available

      Bright retail space in Chicago's Southport Corridor, near Blaine Elementary.
      3827 N Southport Ave, Chicago, IL 60613
      View Details
    • Contact for pricing

      Retail/Office Space in Humboldt Park

      Loft-style retail or office space with exposed brick and hardwood.
      3306 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Chicago Retail/Office Space Available

      Retail or office space in Humboldt Park with exposed brick.
      3306 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Chicago Office Suites For Rent

      Small office suites available in a wonderful Chicago location.
      639 W Diversey Pkwy, Chicago, IL 60614
      View Details
    • Contact for pricing

      Updated Office Space in Elmwood

      Professional office space available for immediate occupancy in Elmwood Park.
      7714 W North Ave, Elmwood Park, IL 60707
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in historic Six Corners development.
    Where is this shopping center located?
    The property is located at 4730 W Irving Park Rd Chicago, IL.
    What are key features of this property?
    This property features: - High traffic location: \u00b160,000 vehicles per day.; - Anchor tenant secured: Signed lease with 45,000 SF retailer.; - Ample parking: 320 spaces with a ratio of 4:1,000 SF.
    (630) 954-7354 Call to check price and availability
    Request Owner's contact information
    4730 W Irving Park Rd Chicago, IL 60613
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4730 W Irving Park Rd
    Chicago, IL 60613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4730 W Irving Park Rd Chicago, IL 60613
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Bryant
    Paul Bryant
    Real Estate License ID: 471008163
    (630) 954-7354 (630) 954-7327
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!