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    2343 W Chicago Ave Chicago, IL 60642

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    For Sale
    $675,000

    Retail property with private parking and high-traffic location.

    Property size:
    2,500 SF
    Lot size:
    0.09 Acres

    Property Features for 2343 W Chicago Ave

    General Information

    Size
    2,500 SF
    Lot size
    0.09 Acres

    Source: Baum Realty Agent Owen Wiesner

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

    Overview

    Retail Property on Chicago Avenue

    This retail property is suitable for owner-users. The property benefits from strong signage potential, with the possibility of reusing the existing blade sign. A private parking lot is located at the rear of the building, offering the potential for conversion into an outdoor dining space. The property is situated in a prominent location on Chicago Avenue, providing exposure to traffic of over 15,300 vehicles per day. The property has a size of 2500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bacci Pizzeria Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6860809
    Latitude
    41.895487

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    FAQs

    What type of property is this?
    Retail space - Retail property with private parking and high-traffic location.
    Where is this retail space located?
    The property is located at 2343 W Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Prominent location on Chicago Avenue with high traffic (15,300+ VPD).; - Private parking lot at the rear.; - Potential to convert parking lot into outdoor dining space.
    (312) 666-3000
    Request Owner's contact information
    2343 W Chicago Ave Chicago, IL 60642
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    Chicago, IL 60642
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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
    2343 W Chicago Ave Chicago, IL 60642
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