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    2627 W North Ave Melrose Park, IL 60160

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    For Lease
    Contact for pricing

    Retail space available in grocery-anchored center on North Avenue.

    Property size:
    1,512 SF
    Lot size:
    1.38 Acres

    Property Features for 2627 W North Ave

    General Information

    Size
    1,512 SF
    Lot size
    1.38 Acres

    Source: Mid-America Real Estate Group Agent Brooke Spinell

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

    Overview

    Retail Space in Melrose Park

    This retail space is located in a grocery-anchored center on heavily trafficked North Avenue, which sees 44,100 vehicles per day. The property is part of a newly delivered multi-tenant outlot building. Up to 3,040 square feet of space remains available. Current and upcoming tenants include Dave’s Hot Chicken, Midwest Express, and Sabrina’s.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Melrose Park Center, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.865524
    Latitude
    41.909521

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in grocery-anchored center on North Avenue.
    Where is this shopping center located?
    The property is located at 2627 W North Ave Melrose Park, IL.
    What are key features of this property?
    This property features: - Highly visible outlot opportunity on heavily trafficked North Avenue with 44,100 VPD.; - Grocery anchored center.; - Newly delivered multi-tenant outlot building.
    (630) 954-7300
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    2627 W North Ave Melrose Park, IL 60160
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    Melrose Park, IL 60160
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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
    2627 W North Ave Melrose Park, IL 60160
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