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    4747 Peterson Ave Chicago, IL 60646

    For Lease
    $8 SF/Yr

    Chicago Office Space: Prime Location

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    Edens View, a four-story, 50,000 square foot Class B office building, offers a diverse range of spaces ideal for executive, traditional, medical, or creative office uses. Located at 4747 W Peterson Ave, Chicago, IL 60646, this property boasts a prime location at the southeast corner of Peterson Avenue and Cicero Avenue in the Sauganash neighborhood. Built in 1988 and extensively renovated in 2023, the building features multiple tenancies, with 11 spaces currently available, ranging from 293 to 2,618 square feet. Amenities include elevators and ample parking, complemented by convenient access to public transportation (CTA bus routes #54-A & #84) and the Edens Expressway (I-94). The building sits on one acre of land and is zoned for commercial use. Its strategic location overlooks Whole Foods and offers proximity to various restaurants, including chai's Asian Bistro, Himshikar, and Eden's the Original, as well as the Village Crossing Shopping Center. The surrounding Sauganash neighborhood is a residential area known for its large homes, parks, and forest preserves. Cook County zoning ensures a versatile and commercially viable location.

    Property Features for 4747 Peterson Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Class
    B
    Total Rate
    33333.33

    Building Details

    Year Built/Renovated
    1988/2023
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Tarpeys Pharmacy
    Size
    1,595 SF
    Rate per SF
    $49
    Space
    402
    Size
    1,520 SF
    Rate per SF
    $22
    Space
    LL-2
    Size
    808 SF
    Rate per SF
    $8
    Space
    404
    Size
    1,360 SF
    Rate per SF
    $22
    Space
    100
    Size
    2,618 SF
    Rate per SF
    $26
    Space
    304
    Size
    581 SF
    Rate per SF
    $22
    Space
    410-411
    Size
    1,808 SF
    Rate per SF
    $22
    Space
    302
    Size
    293 SF
    Rate per SF
    $264
    Space
    405
    Size
    751 SF
    Rate per SF
    $22
    Space
    Bank space
    Size
    2,618 SF
    Rate per SF
    $26
    Space
    5929
    Size
    1,375 SF
    Rate per SF
    $30

    HighLights

    • 50,000 SF Class B office building with 11 suites available (293‑2,618 SF), ideal for various uses.
    • Prime location at Peterson & Cicero Aves in Chicago's Sauganash neighborhood, across from Whole Foods.
    • Recently renovated (2023), featuring elevators, ample parking, and onsite management.
    • Convenient access to public transportation (CTA bus routes #54‑A & #84) and I‑94 (Edens Expressway).
    • One‑acre site with commercial zoning; first floor includes a bank and pharmacy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Deck Doc Staining ... Waterproofing Service Atid Consulting, LLC Life Insurance Agency Kulaga Krzysztof Physical Therapist VIP Property Inspection ... Home Inspector Edens View Business Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.747846978858
    Latitude
    41.989830632037

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    FAQs

    What type of property is this?
    Office space - Chicago Office Space: Prime Location
    Where is this office space located?
    The property is located at 4747 Peterson Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $8-$264 SF/Yr.
    What are key features of this property?
    This property features: 50,000 SF Class B office building with 11 suites available (293-2,618 SF), ideal for various uses.; Prime location at Peterson & Cicero Aves in Chicago's Sauganash neighborhood, across from Whole Foods.; Recently renovated (2023), featuring elevators, ample parking, and onsite management.
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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
    4747 Peterson Ave Chicago, IL 60646
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