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    4502 S Cottage Grove Ave Chicago, IL 60653

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    For Lease
    $18 SF/Yr

    2,000 SF retail space near the University of Chicago.

    Property Features for 4502 S Cottage Grove Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1925

    Source: ARCHER HOME CENTER Agent MAGDALENA GRUSZKA

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

    Overview

    Retail Storefront Near University of Chicago

    This commercial retail storefront property offers 2,000 square feet of space. It is located a few blocks from the Green Line and is conveniently situated very close to The University of Chicago, Hyde Park, Jackson Park, the future Obama Presidential Library, South Lake Shore Drive, the Museum of Science and Industry, and I-90. There is a significant amount of new development in the surrounding area.
    Location Intelligence

    Current Use by Public Records

    Teazze by Na-eem Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.6071462
    Latitude
    41.8129888

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    FAQs

    What type of property is this?
    Retail space - 2,000 SF retail space near the University of Chicago.
    Where is this retail space located?
    The property is located at 4502 S Cottage Grove Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - 2,000 sq. ft. commercial/retail storefront property.; - Conveniently located near the Green Line.; - Close proximity to The University of Chicago, Hyde Park, and Jackson Park.
    (312) 656-9933
    Request Owner's contact information
    4502 S Cottage Grove Ave Chicago, IL 60653
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    Chicago, IL 60653
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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
    4502 S Cottage Grove Ave Chicago, IL 60653
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