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    1016-1028 Argyle St Chicago, IL 60640

    Sponsored
    For Sale
    $4,399,000

    Chicago Uptown: Two-Building Retail Investment

    Property size:
    18,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a portfolio of two commercial buildings situated at 1016-1028 W. Argyle St in Chicago's vibrant Uptown district. The combined property encompasses a substantial 18,750 square feet. The first building is a dynamic mix of ground-floor restaurant spaces and upper-level vacant office and retail space, offering significant potential for redevelopment and expansion to suit a variety of uses. This presents a unique chance to capitalize on the area's thriving culinary scene and high foot traffic. The flexible layout allows for customization to meet diverse business needs, whether it's expanding existing operations or attracting new tenants. The second building provides a stable income stream, currently fully occupied by an established educational institution, ensuring consistent rental revenue. This provides a balanced investment portfolio with both immediate return and long-term growth potential. Located in Cook County, Illinois, zip code 60640, this property benefits from its prime location within a bustling neighborhood, offering excellent visibility and accessibility. The asking price for this remarkable portfolio is $4,399,000. This is a rare chance to acquire a well-positioned, multi-faceted commercial property with substantial upside in a highly desirable Chicago location. Don't miss this opportunity to secure a significant investment in a thriving market.

    Property Features for 1016-1028 Argyle St

    General Information

    Property type
    Individual retail properties
    Square Feet
    18,750 SF

    Building Details

    Buildings
    2

    HighLights

    • Asking price: $4,399,000
    • Retail property totaling 18,750 square feet
    • Two buildings located at 1016‑1028 W. Argyle St, Chicago, IL 60640
    • Includes multiple storefronts and restaurant spaces
    • One building features vacant space and office potential; the other is fully occupied by an educational institution.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6557052
    Latitude
    41.9735522

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    FAQs

    What type of property is this?
    Individual retail property - Chicago Uptown: Two-Building Retail Investment
    Where is this individual retail property located?
    The property is located at 1016-1028 Argyle St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,399,000.
    What are key features of this property?
    This property features: Asking price: $4,399,000; Retail property totaling 18,750 square feet; Two buildings located at 1016-1028 W. Argyle St, Chicago, IL 60640
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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
    1016-1028 Argyle St Chicago, IL 60640
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