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    3635 Roosevelt Rd Chicago, IL 60624

    Sponsored
    For Sale
    $275,000

    High-visibility corner lots, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial land offering encompasses two high-visibility corner lots totaling 6,250 square feet, strategically located on West Roosevelt Road in Chicago, Illinois. The property boasts a prime location, approximately five miles from the Chicago Loop, providing easy access to a substantial customer base. Its proximity to I-290 and the Illinois Medical District further enhances its appeal and potential for a wide range of development opportunities. The high traffic volume of 25,700 vehicles per day ensures significant exposure for any business established on this site. This presents a unique chance for developers seeking to establish retail, restaurant, residential, or other commercial ventures. The land's size and location make it an attractive investment opportunity with considerable potential for future growth and profitability. The Cook County address is 3635 W Roosevelt Rd, Chicago, IL 60624. The asking price for this exceptional property is $275,000.

    Property Features for 3635 Roosevelt Rd

    General Information

    Property type
    Land

    HighLights

    • $275,000 asking price.
    • 6,250 square foot lot.
    • Located at 3635 W Roosevelt Rd, Chicago, IL 60624.
    • Two high‑visibility corner lots.
    • Excellent location, approximately 5 miles from the Chicago Loop, near I‑290 and the Illinois Medical District.
    • High traffic volume (25,700 vehicles per day).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.716600834469
    Latitude
    41.865957105161

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    FAQs

    What type of property is this?
    Land - High-visibility corner lots, ideal for development.
    Where is this land located?
    The property is located at 3635 Roosevelt Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 6,250 square foot lot.; Located at 3635 W Roosevelt Rd, Chicago, IL 60624.
    (312) 589-5797
    Request Owner's contact information
    3635 Roosevelt Rd Chicago, IL 60624
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    Chicago, IL 60624
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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
    3635 Roosevelt Rd Chicago, IL 60624
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