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    4183 Irving Park Rd Chicago, IL 60641

    For Lease
    Contact for pricing

    2,088 SF Single-Tenant Retail Building

    Lot size:
    2,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2,088 square foot, two-story retail building is located at a highly visible, lighted intersection in Chicago's Old Irving Park neighborhood, at the corner of Irving Park Road and Keeler Avenue. The property boasts exceptionally rare highway signage opportunities, with four available signs for street-level branding. Ample parking is provided with 29 dedicated on-site spaces. Benefit from strong co-tenancy with established businesses such as Potbelly Sandwiches, Lou Malnati's Pizzeria, Backlot Coffee, and Lifestance. The building enjoys unparalleled accessibility, situated directly adjacent to the Irving Park Metra Station (1.2 million annual riders) and the CTA Irving Park Blue Line (1.283 million annual riders). The location also benefits from easy access via the Irving Park Road Kennedy Expressway Interchange. This prime location is a gateway to significant new developments, including a 160,000 square foot Northwestern Medicine facility and the Sears redevelopment project, which will encompass 206 residential units and 50,000 square feet of retail space anchored by a Target. This presents a unique opportunity for a business seeking high visibility and strong foot traffic in a rapidly growing area. The property is classified as a single-tenant retail building, ideal for a variety of businesses.

    Property Features for 4183 Irving Park Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,088 SF

    Unit(s) available at that property

    Space
    Size
    2,088 SF

    HighLights

    • 2,088 SF two‑story retail building in Chicago's Old Irving Park neighborhood.
    • High‑visibility corner location at Irving Park Road and Keeler Avenue with four available highway signs.
    • 29 on‑site parking spaces.
    • Strong co‑tenancy with Potbelly, Lou Malnati's, Backlot Coffee, and Lifestance.
    • Unparalleled accessibility: adjacent to Irving Park Metra & CTA Blue Line stations (combined 2.483 million annual riders) and Kennedy Expressway.
    • Prime location near major developments including a new Northwestern Medicine facility, and the Sears redevelopment (206 residential units & 50,000 SF of retail anchored by Target).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.732188277957
    Latitude
    41.95312003456

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    FAQs

    What type of property is this?
    Individual retail property - 2,088 SF Single-Tenant Retail Building
    Where is this individual retail property located?
    The property is located at 4183 Irving Park Rd Chicago, IL.
    What are key features of this property?
    This property features: 2,088 SF two-story retail building in Chicago's Old Irving Park neighborhood.; High-visibility corner location at Irving Park Road and Keeler Avenue with four available highway signs.; 29 on-site parking spaces.
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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
    4183 Irving Park Rd Chicago, IL 60641
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