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    4634 Western Ave Chicago, IL 60625

    Sponsored
    For Lease
    Contact for pricing

    4,634 SF Multi-Tenant Retail Opportunity

    Lot size:
    4,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional retail property, located at 4634 North Western Avenue, offers a fantastic opportunity for businesses seeking high visibility and a prime location. The newly developed multi-tenant building boasts a total of 4,634 square feet, with two available spaces of 1,100 square feet each, which can be combined to create a larger footprint. This location benefits from exceptional visibility on Western Avenue, a major thoroughfare with a high volume of daily traffic (16,800 vehicles per day). Its proximity to the CTA Brown Line provides convenient access for customers and employees via public transportation. The surrounding area is vibrant and features a strong mix of established businesses, including Walgreens, Potbelly Sandwich Shop, Jimmy John's, the Chicago Athletic Club, and Orangetheory Fitness, creating a synergistic retail environment. The high average household income within a one-mile radius ($103,737) indicates a strong consumer base with significant purchasing power. The property's convenient location near fitness clubs and restaurants further enhances its appeal and provides additional foot traffic. This is an ideal opportunity for businesses seeking a thriving location with excellent visibility and access to a high-income demographic. The flexible space options allow for customization to suit various business needs. Don't miss this chance to establish your business in a dynamic and desirable location.

    Property Features for 4634 Western Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,634 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,634 SF

    HighLights

    • 4,634 square foot multi‑tenant retail building.
    • Two 1,100 SF spaces available, combinable.
    • Excellent location steps from the CTA Brown Line.
    • High visibility on Western Avenue (16,800 vehicles per day).
    • Strong co‑tenancy including Walgreens, Potbelly, Jimmy John's, Chicago Athletic Club, and Orangetheory Fitness.
    • High average household income ($103,737) within one mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6890212
    Latitude
    41.9658816

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    FAQs

    What type of property is this?
    Retail property - 4,634 SF Multi-Tenant Retail Opportunity
    Where is this retail property located?
    The property is located at 4634 Western Ave Chicago, IL.
    What are key features of this property?
    This property features: 4,634 square foot multi-tenant retail building.; Two 1,100 SF spaces available, combinable.; Excellent location steps from the CTA Brown Line.
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    4634 Western Ave Chicago, IL 60625
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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
    4634 Western Ave Chicago, IL 60625
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