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    101 Division St Chicago, IL 60610

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    For Lease
    Contact for pricing

    Division Street Dining Opportunity

    Lot size:
    6,603 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property at 101 W Division St in Chicago's vibrant Lincoln Park neighborhood offers multiple spaces totaling 6,603 square feet, with 4,342 square feet currently vacant. Units range from 593 to 1,075 contiguous square feet, ideal for a variety of dining concepts. Benefit from a high-visibility corner location with exceptional pedestrian traffic, directly accessible to the Clark & Division CTA Red Line 'L' station (2.7 million annual riders). The property enjoys a prime location less than half a mile from Oak Street Beach and Lake Shore Drive, surrounded by established fine dining restaurants and numerous retail amenities including Jewel-Osco, Walgreens, Starbucks, and many more. This location is further enhanced by significant nearby developments, including the Sinclair (390-unit luxury residence) and Atrium Village (1,500 residential units and 47,000 square feet of retail). The building itself is undergoing a $50 million redevelopment project, encompassing complete systems upgrades and restoration of the historic storefront facade, ensuring a modern and attractive environment for tenants. This presents a unique opportunity to establish a thriving business in a rapidly growing and desirable area of Chicago, within Cook County, Illinois, zip code 60610. The property is classified as Retail, Subtype Dining Restaurants, with multiple tenancy.

    Property Features for 101 Division St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,603 SF

    Unit(s) available at that property

    Space
    Retail F
    Size
    1,061 SF
    Space
    Retail G
    Size
    773 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    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
    -87.6317105
    Latitude
    41.9037399

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    FAQs

    What type of property is this?
    Retail property - Division Street Dining Opportunity
    Where is this retail property located?
    The property is located at 101 Division St Chicago, IL.
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    101 Division St Chicago, IL 60610
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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
    101 Division St Chicago, IL 60610
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