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    938 North Ave Chicago, IL 60642

    For Lease
    Contact for pricing

    32,000 SF, 3-Story, Vacant

    Lot size:
    32,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 32,000-square-foot retail property, located at 938 W North Ave in Chicago, Illinois, presents a unique investment opportunity. The building, constructed in 1998, boasts a prominent three-story structure, offering significant potential for a wide range of commercial uses. Currently entirely vacant, this single-tenant space provides a blank canvas for a discerning buyer to customize and develop according to their specific business needs. The property's substantial size allows for ample flexibility in layout and design, catering to large-scale retail operations or the potential for subdivision into smaller units. Situated in Cook County, the property benefits from excellent visibility and accessibility, making it an attractive location for businesses seeking high foot traffic and convenient access for customers. The 1998 construction date suggests a solid foundation and relatively modern infrastructure, minimizing the need for extensive renovations. This turnkey opportunity is ideal for entrepreneurs and investors seeking a significant presence in the vibrant Chicago market. The property's size and location offer exceptional potential for long-term growth and profitability. All 32,000 square feet are available for immediate occupancy. This is a rare chance to acquire a substantial, fully vacant retail space in a desirable Chicago location.

    Property Features for 938 North Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,000 SF

    Building Details

    Year Built
    1998
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    32,000 SF

    HighLights

    • 32,000 SF retail building at 938 W North Ave, Chicago, IL.
    • 1998 construction, three‑story structure.
    • Currently vacant, offering a blank canvas for customization.
    • Excellent visibility and accessibility in Cook County, high foot traffic potential.
    • All 32,000 SF immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charlotte Tilbury Cosmetics Store SEPHORA Perfume Store

    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
    -87.6528682
    Latitude
    41.9109439

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    FAQs

    What type of property is this?
    Retail property - 32,000 SF, 3-Story, Vacant
    Where is this retail property located?
    The property is located at 938 North Ave Chicago, IL.
    What are key features of this property?
    This property features: 32,000 SF retail building at 938 W North Ave, Chicago, IL.; 1998 construction, three-story structure.; Currently vacant, offering a blank canvas for customization.
    Request Owner's contact information
    938 North Ave 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
    938 North Ave Chicago, IL 60642
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