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    516 W Harrison St Chicago, IL 60607

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    For Lease
    Contact for pricing

    Retail space with highway visibility and high-density population.

    Property size:
    3,000 SF
    Lot size:
    0.12 Acres

    Property Features for 516 W Harrison St

    General Information

    Size
    3,000 SF
    Lot size
    0.12 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Dan Tausk

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

    Overview

    Retail Space Near I-290 Ramp

    This single-story retail building offers approximately 3,000 square feet of space on a roughly 4,000 square foot site. The property is located at the inbound off-ramp of I-290, providing highway visibility. The surrounding area has a dense population of over 45,000 residents within a one-mile radius and a daytime population exceeding 260,000. The per capita income in the one-mile radius is over $95,000. The property is situated just west of the proposed Riverline Redevelopment and neighbors the Holiday Inn and the Old Post Office. Loading access is available east and adjacent to the building. A neighboring surface parking lot is available for public use.
    Insight Report Location Intelligence

    Current Use by Public Records

    F & A shine food ... Convenience Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6403071
    Latitude
    41.8745726

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    FAQs

    What type of property is this?
    Retail space - Retail space with highway visibility and high-density population.
    Where is this retail space located?
    The property is located at 516 W Harrison St Chicago, IL.
    What are key features of this property?
    This property features: - Highway visibility from I-290 inbound off ramp.; - Dense population: Over 45,000 within one mile, with a daytime population exceeding 260,000.; - Strong per capita income: Over $95,000 within one mile.
    (630) 954-7327
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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
    516 W Harrison St Chicago, IL 60607
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