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    2000 Clifton Ave Chicago, IL 60614

    For Sale
    $640,000

    2,900 SF Retail Space, Prime Location

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,900 square foot commercial condo is ideally situated at the northwest corner of Armitage and Clifton Avenues in Chicago's coveted Lincoln Park neighborhood. The property boasts a vibrant 1,500 square foot main level space, perfect for retail, with excellent window lines and natural light exposure along Armitage Avenue. A sizable 1,400 square foot lower level adds significant usable space. The main level includes a bathroom and a kitchen. This mixed-use building places the commercial space at the base, with residential condos above. The location is unparalleled, offering convenient access to public transportation, being steps from the Armitage "L" station (Brown/Purple lines), and within a mile of Interstate-94 and two miles of Lake Shore Drive. This prime commercial corridor is surrounded by a thriving mix of businesses, including Trader Joe's, Walgreens, Foxtrot, and many popular restaurants. The property's proximity to Lincoln Park High School and its position in one of Chicago's most affluent neighborhoods ensures high foot traffic and visibility. This is a unique opportunity to acquire a thriving commercial space in a highly desirable location. The asking price is $640,000.

    Property Features for 2000 Clifton Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,900 SF

    HighLights

    • Commercial condo for sale at the corner of Armitage and Clifton Avenues in Lincoln Park.
    • 2,900 SF commercial condo; 1,500 SF main level, 1,400 SF lower level, one bathroom, and a kitchen.
    • Excellent street visibility and abundant natural light on Armitage Avenue.
    • Prime location, steps from the Armitage "L" station (Brown/Purple lines) and I‑94.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carol Wolk Interiors Interior Designer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.6572528
    Latitude
    41.9183013

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    FAQs

    What type of property is this?
    Retail property - 2,900 SF Retail Space, Prime Location
    Where is this retail property located?
    The property is located at 2000 Clifton Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: Commercial condo for sale at the corner of Armitage and Clifton Avenues in Lincoln Park.; 2,900 SF commercial condo; 1,500 SF main level, 1,400 SF lower level, one bathroom, and a kitchen.; Excellent street visibility and abundant natural light on Armitage Avenue.
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    2000 Clifton Ave Chicago, IL 60614
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    Chicago, IL 60614
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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
    2000 Clifton Ave Chicago, IL 60614
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