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    5635 W 63Rd St Chicago, IL 60638

    For Lease
    $875 /Mo ($116 SF/Yr)

    New salon studios for beauty professionals near Midway Airport.

    Property size:
    90 SF
    Lot size:
    0.21 Acres

    Property Features for 5635 W 63Rd St

    General Information

    Size
    90 SF
    Lot size
    0.21 Acres

    Source: Miller Chicago Agent Andrea Miller

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

    Overview

    Salon Studios Near Midway Airport

    New construction salon studios are available for independent stylists, beauty professionals, and cosmetologists. These studios are located on 63rd Street near Midway Airport and I-55. The property is ideal for licensed professionals with an established clientele, including hair stylists, nail technicians, estheticians, foot massage therapists, spa treatment providers, reflexologists, and aromatherapists. Individual loft spaces can be personalized and customized as desired by operators. Private suites feature individually-keyed locks and secure building access with a call-box system for all tenants, as well as a security camera system. Rental rates include utilities, restrooms, an employee break room with a kitchenette, and Wi-Fi access. The employee break room includes a refrigerator, sink, cabinets and counters, microwave, table and chairs, and coin laundry. Plentiful street parking is available, and assigned parking is also available, leased separately for $75 per month. Tenants will be included in an online directory and cross-promoted on Runway Studios social media channels, including Facebook and Instagram. The property offers 90 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Midway Jewelry Jewelry Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7630806
    Latitude
    41.7777778

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    FAQs

    What type of property is this?
    Retail space - New salon studios for beauty professionals near Midway Airport.
    Where is this retail space located?
    The property is located at 5635 W 63Rd St Chicago, IL.
    What is the lease rate?
    The lease rate is $116 SF/Yr.
    What are key features of this property?
    This property features: - New construction salon studios ideal for various beauty professionals near Midway Airport and I-55.; - Rental rates include utilities, restrooms, employee break room with kitchenette, and Wi-Fi.; - Private suites with individually-keyed locks and secure building access with call-box system and security cameras.
    (312) 988-0669
    Request Owner's contact information
    5635 W 63Rd St Chicago, IL 60638
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    Chicago, IL 60638
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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
    5635 W 63Rd St Chicago, IL 60638
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