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    2249 W Irving Park Rd, Unit 1 Chicago, IL 60618

    For Sale
    $195,000

    Spacious commercial condo in a vibrant, growing North Center location.

    Property Features for 2249 W Irving Park Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    2007

    Source: COMPASS Agent KIERAN CONLON

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

    Overview

    North Center Commercial Condo

    This spacious ground-floor commercial condo is located in the vibrant North Center neighborhood. The area is an established community experiencing new construction and business growth. Zoned B3-2, the property allows for a wide variety of retail and office uses. The condo features a main open area, one office, a full kitchen, restroom, mechanical room, and storage. The space has been freshly painted and is ready for business use. The owner is open to contributing toward the potential for getting it approved for a live/work space. The location benefits from an excellent average daily traffic count of 29,000 cars per day along Irving Park Road, as well as good foot traffic and excellent demographics. Note that some uses are not allowed under the by-laws.
    Location Intelligence

    Current Use by Public Records

    Spotlight On 3 Event Venue Pacific Cargo Freight Forwarding Service NC Games Game Store Sejour Salon Hair Salon ILYA'S Travel Travel Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6855349
    Latitude
    41.9537615

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    FAQs

    What type of property is this?
    Retail space - Spacious commercial condo in a vibrant, growing North Center location.
    Where is this retail space located?
    The property is located at 2249 W Irving Park Rd, Unit 1 Chicago, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - High traffic location: Excellent 29,000 average daily car count on Irving Park Road and good foot traffic.; - Versatile B3-2 zoning: Allows for a wide variety of retail and office uses.; - Spacious ground-floor unit: Features an open area, office, full kitchen, restroom, mechanical room, and storage.
    Request Owner's contact information
    2249 W Irving Park Rd, Unit 1 Chicago, IL 60618
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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
    2249 W Irving Park Rd, Unit 1 Chicago, IL 60618
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