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    1017 Division St Chicago, IL 60642

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    Contact for pricing

    Chicago Mixed-Use Retail Opportunity

    Lot size:
    22,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Chicago retail investment presents a rare opportunity to acquire a 22,651 square foot, multi-tenant property situated on a 2.11-acre lot at 1017 West Division Street, in the vibrant 60642 zip code. The property comprises three single-story buildings offering flexible space options ranging from 2,851 to 31,774 contiguous square feet, catering to a diverse range of retail tenants. Seven spaces are currently available. The site boasts ample parking with 100 spaces available, making it highly convenient for customers and employees. The property is zoned PMD 3 within Cook County, Illinois. This prime location offers significant potential for redevelopment and presents a unique chance to capitalize on the area's growth. The absence of elevators is noted. This is a truly remarkable opportunity for investors seeking a high-impact retail investment in a dynamic Chicago neighborhood. The property's size and flexibility make it suitable for single-tenant, multi-tenant, or even big-box retail operations. Its strategic location and ample parking ensure high visibility and accessibility. Don't miss this chance to secure a piece of Chicago's thriving retail market.

    Property Features for 1017 Division St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,651 SF

    Building Details

    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Option A: Retail A
    Size
    2,851 SF
    Space
    Option A: Retail B
    Size
    10,890 SF
    Space
    Option A: Proposed Commercial
    Size
    26,148 SF
    Space
    Option B: Retail A
    Size
    9,333 SF
    Space
    Option B: Retail B
    Size
    4,212 SF
    Space
    Option C: Retail A
    Size
    3,723 SF
    Space
    Option C: Proposed Commercial
    Size
    31,774 SF

    HighLights

    • High‑exposure 22,651 SF multi‑tenant retail property on a 2.11‑acre lot in Chicago's vibrant 60642 zip code.
    • High visibility on Division Street, two minutes from I‑90 (217,300 VPD).
    • New traffic signal and left turn lanes at Hickory Ave & Division St, plus planned bridge replacement and bike lanes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -87.654029175515
    Latitude
    41.903513134232

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    FAQs

    What type of property is this?
    Retail property - Chicago Mixed-Use Retail Opportunity
    Where is this retail property located?
    The property is located at 1017 Division St Chicago, IL.
    What are key features of this property?
    This property features: High-exposure 22,651 SF multi-tenant retail property on a 2.11-acre lot in Chicago's vibrant 60642 zip code.; High visibility on Division Street, two minutes from I-90 (217,300 VPD).; New traffic signal and left turn lanes at Hickory Ave & Division St, plus planned bridge replacement and bike lanes.
    Request Owner's contact information
    1017 Division St Chicago, IL 60642
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    Chicago, IL 60642
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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
    1017 Division St Chicago, IL 60642
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