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    4001 N Elston Ave Chicago, IL 60618

    For Lease
    $30 SF/Yr

    High-traffic corner location ideal for restaurant, retail, or med spa.

    Property Features for 4001 N Elston Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1923

    Source: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Agent JOVANKA CORAZZINA

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

    Overview

    Corner Commercial Space, Irving Park

    This 1,950 square foot corner commercial space is located in the Irving Park neighborhood. The high-visibility location experiences consistent foot and vehicle traffic. The space, formerly a restaurant, includes an existing hood system. A flexible build-to-suit layout allows customization to meet specific business needs. An adjoining space is available, which would expand the total square footage to approximately 2,600. The property is suitable for a range of businesses, including restaurants, retail, and med spas. The location in Irving Park benefits from strong demographics and foot traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.7192732
    Latitude
    41.9540662

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    FAQs

    What type of property is this?
    Retail space - High-traffic corner location ideal for restaurant, retail, or med spa.
    Where is this retail space located?
    The property is located at 4001 N Elston Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic corner location in thriving Irving Park with excellent visibility.; - 1,950 SF space with option to expand to 2,600 SF.; - Existing hood system in place, ideal for restaurant use.
    Request Owner's contact information
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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
    4001 N Elston Ave Chicago, IL 60618
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