Retail Space in Palmer
For Lease
$13 SF/Yr
2944 W Armitage Ave, Chicago, IL 60647
Retail space with high visibility and traffic in Palmer Square.
Space SizeContact for details
Days on Market2645
Property Features for 2944 W Armitage Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$12,528
Listing Agency:
Inter-City Realty, Inc.
(773) 842-5318
Listed By:
Maria Jerusalimiec · License #475131282
(773) 842-5318
Source:
Exprealty
Added: May 16, 2019
Changed: Aug 8
Last Checked: Aug 8 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inter-City Realty, Inc.
Investment Insights
Based on property information with market context.
This retail space is located in Palmer Square at a well-known intersection with high pedestrian and auto traffic. The location offers excellent visibility and benefits from a CTA bus stop at the door. The property is situated at the intersection of Armitage Avenue and Humboldt Boulevard.
Key Highlights
- Excellent retail location in Palmer Square
- High pedestrian and auto traffic
- Excellent visibility
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,708
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 36%
Home Improvements & Furnishings 4%
Beauty & Spa 1%
Dollar Tree
Shops & Services
21,431 visits/mo
0.4 miles
Burger King
Dining
20,940 visits/mo
0.5 miles
Chase Bank
Shops & Services
16,483 visits/mo
0.5 miles
PNC Bank
Shops & Services
10,614 visits/mo
0.2 miles
Wendy's
Dining
10,230 visits/mo
0.5 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size
This space is priced 49% below the average of $25.68 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility and traffic in Palmer Square.
Where is this retail space located?
The property is located at 2944 W Armitage Ave Chicago, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Excellent retail location in Palmer Square; High pedestrian and auto traffic; Excellent visibility
