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    2336 Roosevelt Rd Chicago, IL 60608

    Sponsored
    For Sale
    $999,000

    Chicago Investment Opportunity: High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.31-acre mixed-use property, located at 2336-2346 W. Roosevelt Road in Chicago, IL (zip code 60608), presents a compelling investment opportunity. The property boasts a prime location bordering the Illinois Medical District (IMD), a thriving hub with four major hospitals, two medical universities, and over 40 healthcare facilities. The IMD's significant economic impact is undeniable, boasting over 29,000 employees, 50,000 daily visitors, and generating $2.4 billion annually. This high-traffic area sees approximately 44,800 vehicles per day at the nearby intersection of Western and Roosevelt Roads. The property's C1-2 zoning allows for a diverse range of uses, including residential, mixed-use developments, retail spaces, and office buildings, providing significant flexibility for future development. The asking price for this strategically located land is $999,000. This presents a unique chance to capitalize on the IMD's growth and the high volume of daily traffic in this bustling Chicago neighborhood. The Cook County location offers further advantages for investors seeking a strong return on investment in a dynamic and expanding urban area.

    Property Features for 2336 Roosevelt Rd

    General Information

    Property type
    Retail properties
    Lot Size
    13,504 SF

    HighLights

    • 0.31‑acre mixed‑use lot at 2336‑2346 W. Roosevelt Road, Chicago, IL 60608, priced at $999,000.
    • Prime location bordering the Illinois Medical District (IMD), encompassing four major hospitals, two medical universities, and over 40 healthcare facilities.
    • High‑traffic area, situated east of the Western & Roosevelt intersection with 44,800 vehicles per day (VPD).
    • C1‑2 zoning permits diverse uses including residential, mixed‑use, retail, and office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.685407255682
    Latitude
    41.8665712506

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    FAQs

    What type of property is this?
    Retail property - Chicago Investment Opportunity: High-Traffic Location
    Where is this retail property located?
    The property is located at 2336 Roosevelt Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: 0.31-acre mixed-use lot at 2336-2346 W. Roosevelt Road, Chicago, IL 60608, priced at $999,000.; Prime location bordering the Illinois Medical District (IMD), encompassing four major hospitals, two medical universities, and over 40 healthcare facilities.; High-traffic area, situated east of the Western & Roosevelt intersection with 44,800 vehicles per day (VPD).
    Request Owner's contact information
    2336 Roosevelt Rd Chicago, IL 60608
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    Chicago, IL 60608
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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
    2336 Roosevelt Rd Chicago, IL 60608
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