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    4324 N Western Ave Chicago, IL 60622

    For Lease
    $13 SF/Yr ($3,900 /Mo)

    Turn-key restaurant space with al fresco dining permit.

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

    Property Features for 4324 N Western Ave

    General Information

    Size
    3,600 SF
    Lot size
    0.08 Acres

    Source: Duffy Realty Agent Patrick Duffy

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

    Overview

    Restaurant Space on Western Avenue

    This is a restaurant space with an existing permit for al fresco dining service. The space is currently operating as a restaurant, and the owner is retiring. The property offers high visibility on Western Avenue, benefiting from a strong traffic count of 26,700 vehicles per day. All electric and plumbing were updated in 2016. The property is suitable for restaurants, retail properties, and turn-key restaurant businesses. The property size is 3,600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Dinner Is Solved, Windy City Chef Catering and Events, Raizes Mexican Cocktail Bar + Kitchen, Chef Didier Durand

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6890385
    Latitude
    41.9602685

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant space with al fresco dining permit.
    Where is this restaurant located?
    The property is located at 4324 N Western Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Western Avenue with strong traffic count (26,700 vehicles per day).; - Great lease rate.; - Permit for al fresco dining service in place.
    (305) 758-5600
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    4324 N Western Ave Chicago, IL 60622
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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
    4324 N Western Ave Chicago, IL 60622
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