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    1501 Kingsbury St Chicago, IL 60642

    For Lease
    $50 SF/Yr

    Prime Office, Retail & Restaurant Space

    Lot size:
    35,432 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional two-story building, located at 1501 N. Kingsbury Street in Chicago's vibrant Clybourn-Halsted neighborhood, offers 35,432 square feet of versatile space. Currently, 4,540 square feet of office space is available for lease. The property boasts a unique blend of traditional and creative office spaces, perfect for a variety of businesses. Its prime location directly across from a Whole Foods store ensures high visibility and foot traffic. The building also features a diverse mix of retail and restaurant spaces, creating a dynamic and energetic environment. The building's design incorporates an attractive outdoor area, adding to its appeal. This is a rare opportunity to secure space in a thriving neighborhood with a strong mix of uses. The building's size and layout offer flexibility for businesses seeking a prominent presence in a bustling area of Chicago. The available 4,540 square feet of office space presents a significant opportunity for expansion or relocation. The building's location in the Downtown - Chicago North submarket of Cook County provides easy access to major transportation routes and a wealth of amenities. This property is ideal for businesses seeking a unique and well-located space in a vibrant Chicago neighborhood.

    Property Features for 1501 Kingsbury St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,432 SF
    Total Rate
    147633.33

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Restaurant
    Size
    4,540 SF
    Rate per SF
    $50

    HighLights

    • Office and restaurant property totaling 35,432 square feet.
    • Features a mix of traditional and creative office space.
    • Currently offers 4,540 square feet of vacant space available for lease.
    • Two‑story building located in Chicago's desirable Clybourn‑Halsted neighborhood.
    • Situated across from a Whole Foods Market.
    • Located in Cook County's Downtown - Chicago North submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The iO Theater Comedy Club The Mission Theater Performing Arts Theater Improvised Shakespeare Company Performing Arts Theater Generation LatinX Performing Arts Group Malarkey Comedy, Home ... Comedy Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6517609
    Latitude
    41.9084947

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    FAQs

    What type of property is this?
    Restaurant - Prime Office, Retail & Restaurant Space
    Where is this restaurant located?
    The property is located at 1501 Kingsbury St Chicago, IL.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Office and restaurant property totaling 35,432 square feet.; Features a mix of traditional and creative office space.; Currently offers 4,540 square feet of vacant space available for lease.
    Request Owner's contact information
    1501 Kingsbury St Chicago, IL 60642
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    Chicago, IL 60642
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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
    1501 Kingsbury St Chicago, IL 60642
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