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    1574 Clybourn Ave Chicago, IL 60642

    Sponsored
    For Lease
    $28 SF/Yr

    High-visibility retail space, Lincoln Park.

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a versatile space ranging from 2,167 to 7,781 square feet, ideal for multiple tenants or a single large occupant. Located at the highly trafficked intersection of North, Clybourn, and Halsted, this property boasts unparalleled visibility and accessibility. The building's total area encompasses 24,000 square feet, offering ample space for various retail or restaurant concepts. A particularly attractive feature is a fully equipped, turn-key restaurant/bar space at 1582 N Clybourn, totaling 3005 square feet, including a full basement adding another 1807 usable square feet. This space includes a pizza oven and is ready for immediate occupancy. The property benefits from its prime location between Lincoln Park and Downtown, directly across from the North and Clybourn Red Line Station, ensuring high foot traffic and convenient public transportation access. A minimum lease term of three years is preferred. This is a rare chance to establish a thriving business in a highly desirable and well-connected area. The flexible space allows for customization to suit diverse business needs. Don't miss this exceptional opportunity to secure a prominent retail presence in a vibrant and growing neighborhood.

    Property Features for 1574 Clybourn Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Total Rate
    57000

    Unit(s) available at that property

    Space
    1582 N Clybourn
    Size
    3,005 SF
    Rate per SF
    $28

    HighLights

    • Retail and restaurant space totaling 24,000 square feet.
    • Multiple tenancies available.
    • Spaces range from 2,167 to 7,781 contiguous square feet.
    • One available space is 3,005 square feet with a 1,807 square foot usable basement.
    • High‑visibility location at the North/Clybourn/Halsted intersection, across from the Red Line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6487111
    Latitude
    41.9100468

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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail space, Lincoln Park.
    Where is this restaurant located?
    The property is located at 1574 Clybourn Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Retail and restaurant space totaling 24,000 square feet.; Multiple tenancies available.; Spaces range from 2,167 to 7,781 contiguous square feet.
    Request Owner's contact information
    1574 Clybourn Ave 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
    1574 Clybourn Ave Chicago, IL 60642
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