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    2816 Chicago Ave Chicago, IL 60622

    For Lease
    $20 SF/Yr ($3,166 /Mo)

    1,900 SF Retail/Office, High Visibility

    Lot size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,900-square-foot commercial space is ideally situated in Humboldt Park's vibrant submarket, at the highly visible corner of Chicago and California Avenues. Boasting a prime location with over 24,000 vehicles passing daily, this single-tenant property offers unparalleled exposure. Currently configured as a retail boutique, the space features an open floor plan with high ceilings, creating an airy and inviting atmosphere. Its adaptable layout makes it suitable for a variety of uses, including retail, executive office, or special purpose ventures. The building's storefront faces Chicago Avenue, ensuring maximum visibility to pedestrians and drivers alike. Conveniently located near four bus stops, this property benefits from excellent public transportation access. Ample street parking is available on both Chicago and California Avenues, providing easy access for clients and employees. The property is part of a four-story building in Cook County. This is a rare opportunity to secure a high-traffic, highly visible space in a thriving neighborhood. The entire 1,900 square feet is currently vacant and ready for immediate occupancy.

    Property Features for 2816 Chicago Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,900 SF
    Total Rate
    3166.67

    Unit(s) available at that property

    Space
    Suite 1
    Size
    1,900 SF
    Rate per SF
    $20

    HighLights

    • 1,900 SF single‑tenant executive office space in Humboldt Park, Cook County.
    • Retail, office, or special purpose use available.
    • Currently configured as a retail boutique with open floor plan and high ceilings.
    • High‑visibility storefront on Chicago Ave at a signalized intersection with over 24,000 vehicles per day.
    • Ample street parking and nearby bus stops provide excellent accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James City Junk ... Used Car Dealer

    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
    -87.69748874
    Latitude
    41.89567783

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    FAQs

    What type of property is this?
    Specialty property - 1,900 SF Retail/Office, High Visibility
    Where is this specialty property located?
    The property is located at 2816 Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,900 SF single-tenant executive office space in Humboldt Park, Cook County.; Retail, office, or special purpose use available.; Currently configured as a retail boutique with open floor plan and high ceilings.
    Request Owner's contact information
    2816 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
    2816 Chicago Ave Chicago, IL 60622
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