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    30 Chicago Ave Chicago, IL 60610

    For Lease
    $50 SF/Yr

    River North retail, 3 suites available.

    Lot size:
    4,383 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional River North retail opportunity is located at 30 W Chicago Ave, Chicago, IL 60610, at the key intersection of Dearborn & Chicago. Housed within the historic Lawson House, a mixed-use building formerly a hotel and now featuring 300+ residential units, this property offers three available retail spaces. Each space has undergone a complete renovation in 2024, boasting new mechanical systems and modern storefronts. Suites range from a minimum of 1,162 square feet to a maximum contiguous space of 1,925 square feet. The building is a three-story structure built in 1920, offering versatile configurations to suit various retail needs. The property benefits from a prime location near the River North, Gold Coast, and North Michigan Avenue markets, with immediate neighbors including Lifetime Fitness, Whole Foods, and Philz Coffee. Property taxes are $8 per square foot. Note that there is no on-site parking. This is a unique chance to establish a retail presence in a vibrant, high-traffic area within a beautifully restored landmark building.

    Property Features for 30 Chicago Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,383 SF

    Building Details

    Year Built/Renovated
    1920/2024
    Stories
    30

    Unit(s) available at that property

    Space
    Inline Dearborn Street
    Size
    1,162 SF
    Rate per SF
    $50
    Space
    Inline Chicago Avenue
    Size
    1,969 SF
    Rate per SF
    $60
    Space
    Corner Retail
    Size
    1,252 SF

    HighLights

    • New construction, delivered as a vanilla shell with new utilities.
    • High‑visibility location on Chicago Avenue, directly across from Whole Foods and Lifetime Fitness, and other strong retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chick-fil-A Fast Food Restaurant Williamson Verdell C Family Practice Physician Byrek Dental Tooth Dentist Nathan Lee Powell Magician Richard Stalzer Internist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm 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
    -87.629635483369
    Latitude
    41.896639051348

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    FAQs

    What type of property is this?
    Retail property - River North retail, 3 suites available.
    Where is this retail property located?
    The property is located at 30 Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $0.00-$60 SF/Yr.
    What are key features of this property?
    This property features: New construction, delivered as a vanilla shell with new utilities.; High-visibility location on Chicago Avenue, directly across from Whole Foods and Lifetime Fitness, and other strong retailers.;
    Request Owner's contact information
    30 Chicago Ave Chicago, IL 60610
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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
    30 Chicago Ave Chicago, IL 60610
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