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    260 E Chestnut St Chicago, IL 60611

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    For Sale
    $995,000

    Parking lot near Michigan Avenue and local attractions.

    Property size:
    41,250 SF
    Lot size:
    0.95 Acres

    Property Features for 260 E Chestnut St

    General Information

    Size
    41,250 SF
    Lot size
    0.95 Acres

    Source: Jameson Commercial Agent Mark Kishtow

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

    Overview

    Prime Location Parking Opportunity

    This property is a parking lot with public and private parking available on the premises. Its location provides convenient access to various points of interest, including Water Tower, Michigan Avenue, the Museum of Contemporary Art, Water Tower Place, Northwestern Hospital, Lake Shore Park, and the lakefront. The property benefits from easy access to both northbound and southbound Lake Shore Drive. Public transportation is readily available, with six bus stops located within one block. Additionally, the property is within three blocks of six hotels, including The Drake, Knickerbocker, Hilton Mag Mile, Residence Inn, Dewitt, and Raffaello. The Chicago/State 'L' Station is within walking distance.
    Location Intelligence

    Current Use by Public Records

    Stefanie's Men's Hairstyling Hair Salon Plaza On Dewitt Condominium Condominium Complex Joyce Flory Advertising Agency Oceanside Counseling and Therapy, ... Mental Health Service

    Suggested Use

    Restaurant Law Firm 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.

    Similar Places Nearby

    The Car Rental Sidus Group, Movepak.com, Windy City EV, Windy City Coasting, Hertz Car Rental - Chicago - Hyatt Regency HLE

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6196686
    Latitude
    41.8986767

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    FAQs

    What type of property is this?
    Parking lot & garage - Parking lot near Michigan Avenue and local attractions.
    Where is this parking lot & garage located?
    The property is located at 260 E Chestnut St Chicago, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime location: Walkable to Water Tower, Michigan Ave, Museum of Contemporary Art, Water Tower Place, Northwestern Hospital, Lake Shore Park and Lakefront.; - Excellent Transportation: Easy access to Lake Shore Drive and walking distance to the Chicago/State “L” Station.; - Convenient Public Transportation: 6 Bus Stops within 1 block.
    (312) 867-2265
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    260 E Chestnut St Chicago, IL 60611
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    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
    260 E Chestnut St Chicago, IL 60611
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