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    7100 South Shore Dr Chicago, IL 60649

    Sponsored
    For Lease
    $13 SF/Yr ($5,501 /Mo)

    Prime South Shore Commercial Space, 5,055 SF

    Lot size:
    5,055 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,055-square-foot commercial space at 7100 S. South Shore Drive in Chicago's South Shore neighborhood presents a unique leasing opportunity. Located on the ground floor of a single-building property, this retail and office space is ideally suited for a variety of uses. Previously configured as a coworking space, the property's RM-6 zoning allows for flexibility in tenant occupancy. The space features individual gas-forced heat and central air conditioning, ensuring year-round comfort. Potential tenants will find this location convenient and accessible, situated in the South Shore submarket cluster of Cook County. The monthly rent is $5,500, with the tenant responsible for electricity and gas utilities. This makes it an attractive option for businesses seeking a well-maintained, adaptable space in a vibrant community. The property's single-tenant occupancy provides a private and controlled environment. Its previous use as a coworking space suggests a layout conducive to collaborative work or multiple smaller office spaces, though adaptable to a variety of uses, including daycare, before and after school programs, community organizations, or non-profit entities. The property's location near the cross street of 71st provides excellent visibility and accessibility. This is a remarkable opportunity to secure a well-positioned commercial space in a thriving Chicago neighborhood.

    Property Features for 7100 South Shore Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,055 SF
    Total Rate
    5501.53

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    5,055 SF
    Rate per SF
    $13

    HighLights

    • 5,055 SF ground floor commercial space in Chicago's South Shore neighborhood.
    • Single‑tenant retail/office space ideal for various uses including daycare, office, or non‑profit.
    • Zoned RM‑6.
    • Located at 7100 S. South Shore Drive, cross streets near 71st.
    • Monthly rent: $5,500; tenant responsible for utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Betty bot shop Bakery Revolutionary Care Massage Spa Chicago Nurse Midwife, ... Midwife 7100 South Shore ... Apartment Building Caldwell's Wellness Center Wellness Center

    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
    -87.5630271
    Latitude
    41.7660991

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    FAQs

    What type of property is this?
    Coworking space - Prime South Shore Commercial Space, 5,055 SF
    Where is this coworking space located?
    The property is located at 7100 South Shore Dr Chicago, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 5,055 SF ground floor commercial space in Chicago's South Shore neighborhood.; Single-tenant retail/office space ideal for various uses including daycare, office, or non-profit.; Zoned RM-6.
    Request Owner's contact information
    7100 South Shore Dr Chicago, IL 60649
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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
    7100 South Shore Dr Chicago, IL 60649
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