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    2827 Clybourn Ave Chicago, IL 60618

    Sponsored
    For Lease
    $27 SF/Yr

    West Lakeview, Chicago: prime retail & office.

    Lot size:
    53,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 53,112 square foot, Class B mixed-use building, constructed in 2020, offers multiple leasing opportunities in the vibrant West Lakeview neighborhood of Chicago, IL. The property features one building with four stories and boasts a range of space options, from a minimum of 750 square feet to a maximum contiguous space of 2,720 square feet. Two units at 2837-39 N. Clybourn Ave, each approximately 1,970 square feet, offer nearly column-free layouts with impressive 24-foot ceilings and abundant natural light. These spaces are delivered in a cold grey shell condition, with tenant improvement allowances available. A mezzanine level could be added to increase square footage. Additionally, a 750 square foot ground floor retail/office space at 2841 N. Clybourn Ave is available in vanilla-box condition, complete with a fully built ADA-compliant bathroom. All units benefit from newer mechanical systems. The building is well-maintained and professionally managed, and includes a rear surface parking lot. Located at the intersection of Clybourn, Diversey, and Damen, this B3-2 zoned property enjoys high visibility and traffic volume (42,250 vehicles per day), situated near a Costco and major retail corridors. Ceiling heights range from 12 to 24 feet. This location offers unparalleled access to the bustling West Lakeview community.

    Property Features for 2827 Clybourn Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,112 SF
    Class
    B
    Total Rate
    119502

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    2837
    Size
    1,970 SF
    Rate per SF
    $27
    Space
    2839
    Size
    2,720 SF
    Rate per SF
    $27
    Space
    2841
    Size
    2,720 SF
    Rate per SF
    $27

    HighLights

    • Two leasing opportunities: 1,970 SF (each) cold shell units with 24' ceilings at 2837‑39 N. Clybourn Ave; 750 SF ground floor retail/office space at 2841 N. Clybourn Ave in vanilla box condition.
    • Tenant improvement allowances available for 2837‑39 N. Clybourn Ave units.
    • 2020 construction with newer mechanical systems.
    • 32 high‑end apartments above commercial space.
    • On‑site surface parking (availability pending).
    • Abundant natural light.
    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
    -87.679149075819
    Latitude
    41.933003040427

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    FAQs

    What type of property is this?
    Individual retail property - West Lakeview, Chicago: prime retail & office.
    Where is this individual retail property located?
    The property is located at 2827 Clybourn Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Two leasing opportunities: 1,970 SF (each) cold shell units with 24' ceilings at 2837-39 N. Clybourn Ave; 750 SF ground floor retail/office space at 2841 N. Clybourn Ave in vanilla box condition.; Tenant improvement allowances available for 2837-39 N. Clybourn Ave units.; 2020 construction with newer mechanical systems.
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    Chicago, IL 60618
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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
    2827 Clybourn Ave Chicago, IL 60618
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