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    5642 Broadway St Chicago, IL 60660

    For Lease
    $23 SF/Yr

    Chicago Mixed-Use Retail Opportunity

    Lot size:
    24,230 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1,100 sq ft retail space is located in a newer, 24,230 sq ft mixed-use building at 5642 N. Broadway in Chicago, IL 60660. Built in 2007, the property boasts a high-traffic location on North Broadway, offering excellent visibility and accessibility for businesses. The space is situated within a multi-tenant building and features plumbing previously configured for a hair salon, including two shampoo sinks. This presents a unique opportunity for a variety of businesses, potentially including salons, spas, or other retail ventures. The building offers a total of three parking spaces for tenant and customer use. The property's address is 5642 N. Broadway, Chicago, Illinois, zip code 60660. Its geographic coordinates are latitude 41.984913 and longitude -87.6604824. This space is ready for immediate occupancy and presents a compelling investment opportunity in a vibrant Chicago neighborhood. The available space is 1,100 square feet. The building's total square footage is 24,230 square feet. This is a fantastic chance to establish a business in a high-traffic area with existing infrastructure.

    Property Features for 5642 Broadway St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,230 SF
    Total Rate
    46440.83

    Building Details

    Year Built
    2007

    Unit(s) available at that property

    Space
    1st Floor
    Size
    1,100 SF
    Rate per SF
    $23

    HighLights

    • Located in the desirable Edgewater/Andersonville neighborhood.
    • Prime location offering easy access to public transportation and major roadways.
    • High‑traffic area with excellent visibility for businesses.
    • Strong tenant base with long‑term leases.
    • Modern amenities and updated interiors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glamour Peace Hair Salon Le Salon Day ... Beauty Salon Cozy Rugs Edgewater Rug Store Le Salon Day ... Beauty Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.6604824
    Latitude
    41.984913

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    FAQs

    What type of property is this?
    Retail property - Chicago Mixed-Use Retail Opportunity
    Where is this retail property located?
    The property is located at 5642 Broadway St Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Located in the desirable Edgewater/Andersonville neighborhood.; Prime location offering easy access to public transportation and major roadways.; High-traffic area with excellent visibility for businesses.
    Request Owner's contact information
    5642 Broadway St Chicago, IL 60660
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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
    5642 Broadway St Chicago, IL 60660
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