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    2945 Peterson Ave Chicago, IL 60659

    Sponsored
    For Lease
    $9 SF/Yr ($3,750 /Mo)

    Versatile Suites, West Rogers Park

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional two-story, 5,000 square foot Class B office building, constructed in 1954 and renovated in 2020, offers 13 suites for lease in Chicago's West Rogers Park neighborhood. Located at 2945 W Peterson Ave, Cook County, IL 60659, this property boasts a convenient location with easy access to Richmond Cross Street. The building features 8-foot ceilings and a minimum divisible space of 285 square feet, with a maximum contiguous space of 1,200 square feet. Currently, there are two vacant spaces available, ranging in size from 285 to 1,550 square feet. The property includes five parking spaces and secure keycode entry. The building's mixed-use design includes residential units above, and it's situated near complementary businesses, making it ideal for a variety of professional uses, such as small teams, law offices, or therapy practices. The property is not suitable for businesses requiring sinks, such as hair salons or beauty shops. Annual property taxes are $2.93 per square foot. The lot size is 6,250 square feet, and the building is served by single-phase power. There are no elevators. The APN is 13-01-305-003-0000.

    Property Features for 2945 Peterson Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Class
    B
    Total Rate
    3750

    Building Details

    Year Built/Renovated
    1954/2020
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    102
    Size
    1,550 SF
    Rate per SF
    $9
    Space
    Unit #105 or #106
    Size
    335 SF
    Rate per SF
    $36

    HighLights

    • Class B, 5,000 SF two‑story office building with 13 suites available for lease in Chicago's West Rogers Park neighborhood.
    • Located at 2945 W Peterson Ave, Chicago, IL 60659, with easy Richmond Cross Street access.
    • Features 8‑foot ceilings, 285 SF minimum divisible space, and up to 1,200 SF contiguous space; two vacant suites (285‑1,550 SF).
    • Offers 5 parking spaces, secure keycode entry, and a secure outdoor atrium.
    • Annual property taxes are $2.93/SF; single‑phase power; no elevator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flusso Software Software Company Us Exp Trucking ... Trucking Company Hub1st Consultant Rising Design Group, ... Architect A-Z Consulting Group Human Resource Consulting

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -87.703723644693
    Latitude
    41.990374876202

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    FAQs

    What type of property is this?
    Office space - Versatile Suites, West Rogers Park
    Where is this office space located?
    The property is located at 2945 Peterson Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $9-$36 SF/Yr.
    What are key features of this property?
    This property features: Class B, 5,000 SF two-story office building with 13 suites available for lease in Chicago's West Rogers Park neighborhood.; Located at 2945 W Peterson Ave, Chicago, IL 60659, with easy Richmond Cross Street access.; Features 8-foot ceilings, 285 SF minimum divisible space, and up to 1,200 SF contiguous space; two vacant suites (285-1,550 SF).
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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
    2945 Peterson Ave Chicago, IL 60659
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