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    3235 N Central Ave Chicago, IL 60634

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    For Lease
    $16 SF/Yr ($6,666 /Mo)

    5,000 SF retail space with fully equipped restaurant.

    Property size:
    5,000 SF
    Lot size:
    0.43 Acres

    Property Features for 3235 N Central Ave

    General Information

    Size
    5,000 SF
    Lot size
    0.43 Acres

    Source: CRER Agent Michael Weaver

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

    Overview

    Equipped Restaurant and Retail Space

    This 5,000 square foot retail space is located at the corner of Central Avenue and Melrose Street. Neighboring retailers include Tony’s Finer Foods, One Main Financial, Cricket Wireless, Metro PCS, Boost Mobile, Chase Bank, and Walgreens. The space was formerly Mather Cafe and is a fully equipped restaurant with a 12-foot hood and large dining area. The space is suitable for integrative health purposes and includes a workout area and a yoga space.
    Location Intelligence

    Current Use by Public Records

    Mather Care Plus ... Restaurant Mather’s—More Than a Café Cafe Vera Lounge Lounge

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7661869
    Latitude
    41.9396817

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    FAQs

    What type of property is this?
    Retail space - 5,000 SF retail space with fully equipped restaurant.
    Where is this retail space located?
    The property is located at 3235 N Central Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic retail location at the corner of Central Avenue & Melrose Street.; - Fully equipped 5,000 SF restaurant space with 12’ hood and large dining area.; - Surrounded by established retailers: Tony’s Finer Foods, Chase Bank, and Walgreens.
    (312) 446-5018
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    3235 N Central Ave Chicago, IL 60634
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    Chicago, IL 60634
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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
    3235 N Central Ave Chicago, IL 60634
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