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    3460 Broadway St Chicago, IL 60657

    For Lease
    $38 SF/Yr

    Prime Lakeview storefront, divisible units.

    Lot size:
    310,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity, located at 3460 N Broadway in Chicago's vibrant Lakeview neighborhood, offers ±7,961 square feet of premium space, divisible down to 1,917 square feet. Situated at the base of a luxurious 200-unit apartment building, this storefront benefits from a built-in customer base of high-income residents. The property enjoys a prime location on North Broadway Street, close to major brands like Whole Foods, Target, and Starbucks, as well as beloved local establishments such as Ann Sather, Chicago Diner, and Chilam Balam. Its convenient proximity to Wrigley Field and the Addison Red Line station ensures high foot traffic and accessibility. Built in 2022, this single-tenancy space is zoned PD 1469 in Cook County, Illinois (zip code 60657). The larger 310,000 square foot building offers a dynamic environment within the bustling Lakeview community, which boasts a population of over 103,000 residents (2020 census data). This location offers unparalleled access to a dense population and a thriving commercial district, making it an ideal space for a variety of retail or restaurant concepts. The property's modern construction and strategic location provide a unique opportunity to establish a successful business in one of Chicago's most desirable neighborhoods.

    Property Features for 3460 Broadway St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    310,000 SF
    Total Rate
    981666.67

    Building Details

    Year Built
    2022

    Unit(s) available at that property

    Space
    Size
    7,961 SF
    Rate per SF
    $38

    HighLights

    • ±7,961 SF of retail space available in Optima Lakeview, suitable for various uses including food & beverage, service, fitness, and soft goods.
    • Retail space boasts ~160' of North Broadway frontage and includes existing infrastructure for black iron installation.
    • High‑visibility retail location on heavily trafficked North Broadway in Chicago's Lakeview neighborhood.
    • Ground‑floor retail within the 200‑unit luxury Optima Lakeview residential building.
    • Strong consumer base from building residents and the affluent, dense Lakeview neighborhood.
    • Proximity to national retailers such as Whole Foods, Target, Starbucks, and CorePower Yoga.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.646048598506
    Latitude
    41.945380765529

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    FAQs

    What type of property is this?
    Restaurant - Prime Lakeview storefront, divisible units.
    Where is this restaurant located?
    The property is located at 3460 Broadway St Chicago, IL.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: ±7,961 SF of retail space available in Optima Lakeview, suitable for various uses including food & beverage, service, fitness, and soft goods.; Retail space boasts ~160' of North Broadway frontage and includes existing infrastructure for black iron installation.; High-visibility retail location on heavily trafficked North Broadway in Chicago's Lakeview neighborhood.
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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
    3460 Broadway St Chicago, IL 60657
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