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    4300 North Ave Chicago, IL 60639

    For Sale
    $2,275,000

    Chicago Retail Property - 100% Leased

    Property size:
    10,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,559 square foot retail center in Chicago, Illinois, presents a compelling investment opportunity. Located at 4300 W. North Ave, in Cook County, zip code 60639, this multi-tenant property boasts 100% occupancy with two strong tenants: the Chicago Public Library and the Department of Family Services. The Chicago Public Library, a tenant since 1996, is under lease until 2028 and has recently undergone significant upgrades, including new lighting, carpeting, and painting, along with a large kitchen and meeting room. The Department of Family Services, a tenant since 2016, has a lease extending to 2026 and invested over $190,000 in build-out improvements. The property, built in 1995, is exceptionally well-maintained, featuring six newer rooftop HVAC units under service contract. The location offers high visibility and traffic counts, along with ample parking. The asking price for this prime retail center is $2,275,000. This is a rare opportunity to acquire a stable, high-performing retail asset with long-term tenants and significant upside potential.

    Property Features for 4300 North Ave

    General Information

    Property type
    Retail properties
    Square Feet
    10,559 SF

    Building Details

    Year Built
    1995

    HighLights

    • Ample parking available.
    • Excellent street visibility.
    • High traffic volume ensures strong customer exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trina Davila Community ... City Government Office North Pulaski Branch, ... Public Library

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7340288
    Latitude
    41.9102117

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    FAQs

    What type of property is this?
    Retail property - Chicago Retail Property - 100% Leased
    Where is this retail property located?
    The property is located at 4300 North Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,275,000.
    What are key features of this property?
    This property features: Ample parking available.; Excellent street visibility.; High traffic volume ensures strong customer exposure.
    (312) 751-0300
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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
    4300 North Ave Chicago, IL 60639
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