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    Property profile & analytics
    FOR LEASE
    Retail space

    1529 W Armitage Ave, Chicago, IL 60642

    0.22 ac lot Built 1885
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US28-0962610
    Property summary
    AI-generated overview

    This exceptional 3,300 square foot executive office suite is located at 1529 W. Armitage Ave in Chicago, Illinois, within Cook County (zip code 60642). Situated on the second floor, this beautiful loft space boasts an incredible atmosphere, abundant sunlight, and a highly desirable location. The suite includes several private offices, a dedicated conference room, a fully equipped kitchen, and a private bathroom. Ample open space is perfect for creating flexible work stations. High ceilings and hardwood floors add to the sophisticated ambiance. A freight elevator is conveniently located within the building. This property is part of a larger building totaling 11,590 square feet and containing two suites. The building is zoned M3-3. The exceptional location offers easy access to the new Lincoln Yards development, Metra station, bus routes, major highways, and is just steps from the Chicago River. Utilities are shared proportionally based on square footage occupied. This is a rare opportunity to lease a truly unique and well-appointed office space in a prime Chicago location. The vacant space represents slightly more than one-third of the second floor and will contribute proportionally to the building's shared electric, gas, and cleaning expenses.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1885
    Lot 0.22 ac (9,795 SF)
    APN 14-32-117-003
    UPID US28-0962610
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • McCathay Timber, Inc. Distribution Center Logistics Company
    • Love Emme (Bike/Boat/Book/etc) Store
    • Interior Drama Home Staging Interior Design Home Decor Store
    • Midan Marketing Advertising Agency Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sanga LLC · 20 yrs held
    Sanga LLC
    since 2005
    7 recorded transactions
    2022
    2012
    2005
    $599,500
    2005
    $1.4M
    2005
    $2.6M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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