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    1954 W Peterson Ave Chicago, IL 60660

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    For Lease
    Contact for pricing

    Retail space available in a high-traffic strip center.

    Property size:
    1,122 SF
    Lot size:
    0.38 Acres

    Property Features for 1954 W Peterson Ave

    General Information

    Size
    1,122 SF
    Lot size
    0.38 Acres

    Source: Coldwell Banker Realty | Lincoln Park Clybourn Agent Bruce Heller

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

    Overview

    Retail Space on Peterson Avenue

    This retail space offers great exposure within a popular strip center. The available space measures 1,122 square feet and features abundant window frontage on Peterson Avenue. Sign boxes and pylon signage are available. The property includes a 16-car parking lot. Current tenants include Dunkin' Donuts, a cellular dealer, a liquor/convenience store, a fast food restaurant, an insurance agency, and Subway. According to IDOT, the center benefits from a daily traffic count of 25,300 vehicles. The exterior of the building is brick, and the roof is rubber. The lot size is under 1/2 acre. Lease terms are 3-5 years, with a lease renewal option. The property is connected to city sewer and lake water. The building is between 41 and 50 years old.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Donut Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -87.6794369
    Latitude
    41.9909691

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    FAQs

    What type of property is this?
    Strip mall - Retail space available in a high-traffic strip center.
    Where is this strip mall located?
    The property is located at 1954 W Peterson Ave Chicago, IL.
    What are key features of this property?
    This property features: - High traffic location with 25,300 cars passing daily.; - Located in a popular strip center with established businesses.; - Abundant window frontage on Peterson.
    (312) 266-7000
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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
    1954 W Peterson Ave Chicago, IL 60660
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