Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4901 Irving Park Rd Chicago, IL 60641

    For Lease
    $10 SF/Yr

    Chicago Retail Space: High-Visibility Opportunity

    Lot size:
    60,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Portage Square, a two-story retail and office shopping center located at 4901 W Irving Park Rd in Chicago, IL, presents a compelling investment opportunity. This 60,448 square foot property sits on a 3-acre lot in Cook County (APN: 13-21-202-050-0000) and boasts 180 parking spaces, ensuring ample convenience for customers and employees. Built in 1957, the property offers a blend of established presence and redevelopment potential. Currently, there are multiple tenants, with a significant portion of the space available for lease. A total of 32,590 square feet is currently vacant, offering flexible options for prospective tenants. Spaces range from 4,000 to 18,000 square feet, catering to a variety of business needs. The property's prime location in Chicago's vibrant 60641 zip code ensures high visibility and accessibility. This is an exceptional chance to acquire a well-situated retail and office center with significant upside potential in a bustling Chicago neighborhood. The property's size and layout provide opportunities for both individual tenants and larger businesses seeking substantial space. The substantial vacant square footage presents a unique opportunity to customize the space to meet specific business requirements. This property is ideal for businesses seeking a strong presence in a well-established commercial area.

    Property Features for 4901 Irving Park Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,448 SF
    Total Rate
    50373.33

    Building Details

    Year Built
    1957
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 218
    Size
    5,147 SF
    Rate per SF
    $10
    Space
    Suite 219
    Size
    5,443 SF
    Rate per SF
    $10
    Space
    LL
    Size
    18,000 SF
    Rate per SF
    $18
    Space
    Suite 200
    Size
    4,000 SF
    Rate per SF
    $10

    HighLights

    • Multiple second‑floor suites available near Portage Park's Six Corners intersection.
    • High‑visibility second‑floor space with extensive frontage on Irving Park Road.
    • 18,000 SF, two‑story, fully built‑out fitness center space available (formerly Retro Fitness).
    • Binny's Beverage Depot anchors the Retro Fitness space.
    • Ample private parking lot.
    • Excellent location within one mile of I‑90, the CTA Blue Line, and two Metra lines.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retro Fitness Gym Binny's Beverage Depot ... Liquor Store Binny’s Liquor Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7499234
    Latitude
    41.9533814

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • New
      $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Chicago Retail Space: High-Visibility Opportunity
    Where is this lifestyle center located?
    The property is located at 4901 Irving Park Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $10-$18 SF/Yr.
    What are key features of this property?
    This property features: Multiple second-floor suites available near Portage Park's Six Corners intersection.; High-visibility second-floor space with extensive frontage on Irving Park Road.; 18,000 SF, two-story, fully built-out fitness center space available (formerly Retro Fitness).
    Request Owner's contact information
    4901 Irving Park Rd Chicago, IL 60641
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4901 Irving Park Rd
    Chicago, IL 60641
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4901 Irving Park Rd Chicago, IL 60641
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.