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    1812 Chicago Ave Chicago, IL 60622

    For Lease
    $28 SF/Yr

    Chicago storefront, 1232 sq ft

    Lot size:
    1,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This versatile 1,232 square foot retail space, located at 1812 W Chicago Ave in Chicago's West Town neighborhood, offers a fantastic opportunity for a variety of businesses. Built in 2011, this single-tenant property sits on a 0.07-acre lot and features a three-story building. The space is handicap-accessible and includes a 200-amp electrical service, a handicapped-accessible washroom, an electric hot water heater, and forced-air HVAC. Two small offices are also included, allowing for flexible configuration to suit diverse business needs. The B3-2 zoning allows for a wide range of permitted uses. This prime location boasts excellent walkability, with numerous restaurants, grocery stores, and other services within a short distance. The surrounding area has a population exceeding 57,000 residents, with an average household income surpassing $174,000, providing a strong customer base. The property's Cook County APN is 17064360170000. Cross street is Wood St. This is an exceptional opportunity to establish a thriving business in a vibrant and affluent Chicago neighborhood. The property is listed as a Creative Office, Street Retail, and Storefront.

    Property Features for 1812 Chicago Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,232 SF

    Building Details

    Year Built
    2011
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    1,232 SF
    Rate per SF
    $34

    HighLights

    • 1,232 SF versatile retail space in Chicago's West Town neighborhood.
    • Excellent co‑tenancy with nearby restaurants and services.
    • Three‑story mixed‑use building.
    • B3‑2 zoning allows for diverse commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aeslin Pup Hub ... Pet Supply Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.672739638894
    Latitude
    41.896001119303

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    FAQs

    What type of property is this?
    Individual retail property - Chicago storefront, 1232 sq ft
    Where is this individual retail property located?
    The property is located at 1812 Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: 1,232 SF versatile retail space in Chicago's West Town neighborhood.; Excellent co-tenancy with nearby restaurants and services.; Three-story mixed-use building.
    Request Owner's contact information
    1812 Chicago Ave Chicago, IL 60622
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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
    1812 Chicago Ave Chicago, IL 60622
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