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    2540 W Armitage Ave Chicago, IL 60647

    For Sale
    $1,499,000

    7,000 SF retail property with high-visibility frontage on Armitage.

    Property size:
    7,000 SF
    Lot size:
    0.06 Acres

    Property Features for 2540 W Armitage Ave

    General Information

    Size
    7,000 SF
    Lot size
    0.06 Acres

    Source: Strauss Realty, Ltd. Agent Dale Strauss

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

    Overview

    Prime Retail Space on Armitage

    This 7,000 square foot retail property features 130 feet of frontage along Armitage Avenue, which sees approximately 13,300 vehicles per day. The Western Blue Line station is located a 5-minute walk away, and the I-90 expressway is 1.5 miles from the property. The surrounding Logan Square neighborhood had a total population of 71,252 in 2022, with 31,780 households and a median household income of $97,759. Nearby businesses include Café Umbria, Penguin Foot Pottery, Moksha Yoga Center, Concord Music Hall, Kyoten, Vintage Discount Outlet, Redhot Ranch, and Walgreens. The property presents a potential Transit-Oriented Development (TOD) opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    90 Miles Cuban ... Cuban Restaurant Additional Parking Parking Lot Sabrosuras De Mi ... Cuban Restaurant WeTRAIN.com: Dog Training Dog Trainer

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Similar Places Nearby

    bou•K, Flowerlife, Inc., A Tree Grows In Brooklyn, Xo Design Co., Linda's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6918079
    Latitude
    41.9176961

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    FAQs

    What type of property is this?
    Storefront property - 7,000 SF retail property with high-visibility frontage on Armitage.
    Where is this storefront property located?
    The property is located at 2540 W Armitage Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Potential TOD (Transit-Oriented Development) Opportunity; - 130' of Frontage on Armitage Avenue (13,300 vehicles per day); - Enjoy a 5-minute walk to Western Blue Line station
    (773) 736-3600
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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
    2540 W Armitage Ave Chicago, IL 60647
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