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    Van Buren St & Litchfield Rd - Cor Chicago, IL 60605

    For Lease
    Contact for pricing

    Large Retail Space, Multiple Units Available

    Lot size:
    28,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at the northeast corner of Van Buren Street and Litchfield Road in Chicago, Illinois, presents a significant investment opportunity. The property boasts a total of 28,195 square feet of commercial space, currently entirely vacant and available for lease. The site offers flexibility with multiple tenancy options, catering to a variety of retail businesses. A key feature is the availability of two distinct spaces: a substantial 28,195 square foot anchor space, ideal for a large-scale retailer or multiple tenants, and a proposed 3,200 square foot pad site, potentially suitable for a drive-thru operation. The property's prime location in Cook County, Illinois, with a zip code of 60605, ensures high visibility and accessibility for customers. The coordinates are 41.8703314 latitude and -87.6235742 longitude. This is a rare chance to secure a substantial retail presence in a vibrant Chicago market. The property is classified as retail commercial real estate and is ready for immediate occupancy. The significant square footage and flexible layout make this an attractive proposition for businesses seeking a prominent location in a high-traffic area. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space.

    Property Features for 0 Van Buren St & Litchfield Rd - Cor

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,195 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    28,195 SF
    Space
    pad Site
    Size
    3,200 SF

    HighLights

    • Less than 1/2 mile to I‑10.
    • Located in a strong employment corridor.
    • Surrounding area experiencing significant residential growth to the south.
    • Directly across from Cancer Treatment Centers of America.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6235742
    Latitude
    41.8703314

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    FAQs

    What type of property is this?
    Retail property - Large Retail Space, Multiple Units Available
    Where is this retail property located?
    The property is located at Van Buren St & Litchfield Rd - Cor Chicago, IL.
    What are key features of this property?
    This property features: Less than 1/2 mile to I-10.; Located in a strong employment corridor.; Surrounding area experiencing significant residential growth to the south.
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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
    Van Buren St & Litchfield Rd - Cor Chicago, IL 60605
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