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    1540 W Avenue N Chicago, IL 06709

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    For Lease
    $25 SF/Yr ($5,860 /Mo)

    2,813 SF street-level restaurant/retail space for lease in West Town.

    Property size:
    2,813 SF
    Lot size:
    0.07 Acres

    Property Features for 1540 W Avenue N

    General Information

    Size
    2,813 SF
    Lot size
    0.07 Acres

    Source: Miller Chicago Agent Andrea Miller

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

    Overview

    West Town Restaurant/Retail Space

    This 2,813 square foot street-level storefront is available for lease in West Town. The space is suitable for restaurant or retail use, with potential as a lunch or brunch spot restaurant or gastropub. The property features a 12-foot hood, and all existing furniture, fixtures, and equipment (FF&E) are included. As a second-generation restaurant space, it includes black iron. A retractable door faces North Avenue, allowing for fresh air. The location offers high visibility with a traffic count exceeding 22,000 vehicles per day. Situated just west of the Kennedy Expressway, the property is located next to the Mercedes and Audi dealerships and near the 99-room Hyatt Place Hotel.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    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.

    Similar Places Nearby

    Just Catering By Orr Nalp

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -95.903872
    Latitude
    36.0686745

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    FAQs

    What type of property is this?
    Restaurant - 2,813 SF street-level restaurant/retail space for lease in West Town.
    Where is this restaurant located?
    The property is located at 1540 W Avenue N Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location with over 22,000 vehicles per day.; - Includes 12-foot hood and all existing FF&E.; - Second-generation restaurant space with black iron.
    (312) 988-0669
    Request Owner's contact information
    1540 W Avenue N Chicago, IL 06709
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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
    1540 W Avenue N Chicago, IL 06709
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