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    315 Chicago Ave Chicago, IL 60654

    For Lease
    Contact for pricing

    Prime Chicago location, 2,400 sq ft, 7 parking spaces.

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located at 315 W. Chicago Avenue in Chicago, Illinois, zip code 60654. The property consists of 2,400 square feet of ground-level retail space, currently vacant and ready for immediate occupancy. The space is part of a 198-unit condominium building and boasts excellent street visibility on Chicago Avenue within the vibrant River North neighborhood. The property includes 7 dedicated parking spaces for tenant and customer use. This location benefits from high foot traffic and proximity to other established retailers including Dunkin', CorePower Yoga, and Starbucks. Its strategic position directly west of the Chicago/Franklin Brown and Purple Line El station provides unparalleled access to a substantial transit ridership of 558,000 annually. Nearby businesses include Avli, Luminaire, Prosecco Ristorante, GT Prime, and Club Pilates, further enhancing the area's appeal and potential for synergy. The property's address is 315 W Chicago Ave, Chicago, IL 60654, with a cross street of Orleans. This is an ideal location for a variety of retail businesses seeking high visibility and convenient access to public transportation and a dense population.

    Property Features for 315 Chicago Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    11,335 SF
    Space
    Available space
    Size
    2,400 SF

    HighLights

    • Flexible suite sizes available for combination.
    • High‑visibility retail space on Chicago Avenue in River North, near Dunkin', CorePower Yoga, and Starbucks.
    • Excellent transit‑oriented location, directly west of the Chicago/Franklin Brown and Purple Line 'L' station (558,000 annual riders).
    • Seven dedicated parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Drug Store FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.636969890489
    Latitude
    41.896514873029

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    FAQs

    What type of property is this?
    Retail property - Prime Chicago location, 2,400 sq ft, 7 parking spaces.
    Where is this retail property located?
    The property is located at 315 Chicago Ave Chicago, IL.
    What are key features of this property?
    This property features: Flexible suite sizes available for combination.; High-visibility retail space on Chicago Avenue in River North, near Dunkin', CorePower Yoga, and Starbucks.; Excellent transit-oriented location, directly west of the Chicago/Franklin Brown and Purple Line 'L' station (558,000 annual riders).
    Request Owner's contact information
    315 Chicago Ave Chicago, IL 60654
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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
    315 Chicago Ave Chicago, IL 60654
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