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    700 E 47Th St Chicago, IL 60653

    For Sale
    Contact for pricing

    3,600 SF retail storefront on busy 47th Street.

    Property size:
    3,600 SF
    Lot size:
    0.17 Acres

    Property Features for 700 E 47Th St

    General Information

    Size
    3,600 SF
    Lot size
    0.17 Acres

    Source: Millennium Properties Real Estate Agent Daniel J. Hyman

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

    Overview

    Retail Storefront on 47th Street

    This is a 3,600 SF retail storefront property situated on a 11,979 SF land area. The property is located on busy 47th Street, benefiting from a traffic count of 11,240 vehicles daily. It is fully leased with many long-term tenants and offers ample parking. The zoning is B1-1. Businesses in the surrounding area include McDonald’s, Dollar Tree, and Family Dollar. This property presents a great opportunity for a user or investor.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Healthy Hair Boutique Hair Salon Prettyhairboss studios Hair Salon Oddity Clothing Store Taqueria Varitas Mexican Restaurant J.London Beauty & Body Skin Care Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6433246
    Latitude
    41.8091679

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    FAQs

    What type of property is this?
    Storefront property - 3,600 SF retail storefront on busy 47th Street.
    Where is this storefront property located?
    The property is located at 700 E 47Th St Chicago, IL.
    What are key features of this property?
    This property features: - Fully leased with long-term tenants providing immediate income.; - Excellent location on busy 47th Street with high traffic count (11,240 vehicles daily).; - 3,600 SF retail storefront suitable for user or investor.
    (312) 338-3000
    Request Owner's contact information
    700 E 47Th St Chicago, IL 60653
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    Chicago, IL 60653
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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
    700 E 47Th St Chicago, IL 60653
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