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    4017 Ogden Ave Chicago, IL 60632

    Sponsored
    For Sale
    $459,000

    6,000 SF Retail Space in Chicago, IL

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,000 square foot storefront, located at 4017 W. Ogden Avenue in Chicago, Illinois (zip code 60632), presents a remarkable investment opportunity. Situated in the vibrant North Lawndale, Ogden, and Pulaski Corridor, this mixed-use property boasts high visibility due to its prime location on Ogden Avenue, a thoroughfare with significant traffic volume. The property benefits from convenient access to public transportation, enhancing its appeal to both businesses and customers. Previously used as a rehabilitation center, the building has undergone a complete and extensive renovation. Improvements include a new roof, updated windows, and modern metal porches and air cases. A fully finished basement adds significant usable space. Furthermore, the property includes a commercial kitchen, making it suitable for a variety of food-related businesses or easily adaptable to other uses. The extensive remodeling, including bathroom upgrades and room count adjustments, provides a blank canvas for a future owner to customize and develop according to their specific needs and vision. The asking price for this exceptional retail space is $459,000. This property offers a unique blend of location, size, and recent renovations, making it an ideal investment for discerning buyers seeking a high-impact commercial space in a rapidly developing area of Chicago.

    Property Features for 4017 Ogden Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Victory Chicago Non-Denominational Church Puland Bedding Bedding Store Ignite Center Association Or Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7074089
    Latitude
    41.8074687

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Retail Space in Chicago, IL
    Where is this individual retail property located?
    The property is located at 4017 Ogden Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $459,000.
    Request Owner's contact information
    4017 Ogden Ave Chicago, IL 60632
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    Chicago, IL 60632
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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
    4017 Ogden Ave Chicago, IL 60632
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