Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2003 Cermak Rd Chicago, IL 60608

    For Lease
    $25 SF/Yr

    Prime Pilsen Location, 1700+ SF

    Lot size:
    1,769 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail storefront, located at 2003 W Cermak Rd in Chicago's vibrant Pilsen neighborhood, offers a unique opportunity for discerning businesses. The property boasts a single-tenant occupancy in a Class B building, encompassing a spacious 1,769 square feet on the main level. A significant advantage is the inclusion of an additional 1,769 square feet of basement space, providing ample room for storage, expansion, or other operational needs. The property has undergone extensive recent renovations, exceeding $500,000 in improvements, featuring a modern, medical-grade build-out ideal for a variety of uses. The open floor plan maximizes flexibility and functionality. Situated at the intersection of Damen and Cermak Roads in Cook County, Illinois (zip code 60608), this location benefits from excellent visibility and accessibility. The property is a single-story building without elevators. This turnkey space presents a rare chance to establish or relocate a business in a thriving, high-demand area. Don't miss this chance to secure a remarkable retail space in the heart of Pilsen.

    Property Features for 2003 Cermak Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,769 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,769 SF
    Rate per SF
    $25

    HighLights

    • Brand new, $500,000 build‑out.
    • Medical‑grade build‑out.
    • Prime Pilsen location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UnitedHealthcare Group Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.676091583681
    Latitude
    41.852199785686

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Pilsen Location, 1700+ SF
    Where is this individual retail property located?
    The property is located at 2003 Cermak Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Brand new, $500,000 build-out.; Medical-grade build-out.; Prime Pilsen location.
    Request Owner's contact information
    2003 Cermak Rd Chicago, IL 60608
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2003 Cermak Rd
    Chicago, IL 60608
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2003 Cermak Rd Chicago, IL 60608
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.