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    10628 Halsted St Chicago, IL 60628

    Sponsored
    For Lease
    $16 SF/Yr ($12,346 /Mo)

    Chicago Southside Retail Space Available

    Lot size:
    9,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 10628 S Halsted St in Chicago's Morgan Park community, offers 9,260 square feet of space in a three-suite strip center. Currently, 6,780 square feet are available, divisible into units ranging from 1,000 to 3,100 contiguous square feet. The property sits on a 0.4-acre lot and boasts ample parking, a significant advantage in this densely populated area. The building is undergoing exterior renovations, updating the façade with a modern design. This prime location benefits from high traffic volume, with approximately 18,800 vehicles per day (VPD) on Halsted Street and 4,700 VPD on 107th Street. The property is situated in Cook County, Illinois, within the Southside submarket and offers a unique opportunity for businesses seeking high visibility and accessibility in a thriving community. The property's ideal size and flexible lease options make it suitable for a variety of retail uses. This is a rare chance to secure a well-located retail space in a rapidly developing area of Chicago.

    Property Features for 10628 Halsted St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,260 SF
    Total Rate
    12346.67

    Unit(s) available at that property

    Space
    10634 S Halsted
    Size
    2,680 SF
    Rate per SF
    $16

    HighLights

    • Highly desirable Chicago, IL location.
    • Open floor plan offering generous interior space.
    • Abundant on‑site parking.
    • High visibility and strong pedestrian traffic.
    • Suitable for diverse business uses.
    • Excellent signage potential for brand building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -87.6429987
    Latitude
    41.7005898

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    FAQs

    What type of property is this?
    Neighborhood center - Chicago Southside Retail Space Available
    Where is this neighborhood center located?
    The property is located at 10628 Halsted St Chicago, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Highly desirable Chicago, IL location.; Open floor plan offering generous interior space.; Abundant on-site parking.
    Request Owner's contact information
    10628 Halsted St Chicago, IL 60628
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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
    10628 Halsted St Chicago, IL 60628
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