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    2833 W Cermak Rd Chicago, IL 60623

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    For Lease
    $14 SF/Yr

    6,000 SF retail space in Little Village neighborhood.

    Property Features for 2833 W Cermak Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1906

    Source: CENTURY 21 S.G.R., INC. Agent MYRA NIMCHAIYONG

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

    Overview

    Prime Retail Space in Chicago

    This expansive 6,000 square foot retail space is located in Chicago's Little Village neighborhood. Situated on Cermak Road, the site benefits from high traffic, with over 28,000 vehicles per day. The space can be divided into two 3,000 SF spaces. The property is suitable for retail, showroom, or service uses, and features an open layout, high ceilings, and large storefront windows. The location benefits from a dense urban population, with over 50,000 residents within a 1-mile radius. Annual consumer spending in the immediate trade area surpasses $470 million, driven by demand for food, apparel, personal care, and general retail. The property is conveniently situated near public transit and major expressways including I-55 and I-290. The zoning is B3-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ParkChicago #366616 Public Parking Space Maria's Fashions Clothing Store

    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
    -87.6968505
    Latitude
    41.8516211

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    FAQs

    What type of property is this?
    Retail space - 6,000 SF retail space in Little Village neighborhood.
    Where is this retail space located?
    The property is located at 2833 W Cermak Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Cermak Road with 28,000+ vehicles per day, providing outstanding visibility.; - Expansive 6,000 SF retail space, divisible into two 3,000 SF spaces for flexible use.; - Located in a densely populated area with over 50,000 residents within a 1-mile radius.
    (312) 326-3697
    Request Owner's contact information
    2833 W Cermak Rd Chicago, IL 60623
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    Chicago, IL 60623
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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
    2833 W Cermak Rd Chicago, IL 60623
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