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    3301 North Ave Chicago, IL 60647

    For Lease
    $23 SF/Yr

    Chicago Retail Space: 2,000 SF Available

    Lot size:
    21,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Arcadia Plaza, a single-story Class B retail strip center, presents a prime opportunity in Chicago's vibrant Humboldt Park neighborhood. Located at 3301 W North Ave, Chicago, IL 60647, this 21,500 square foot property boasts high visibility on heavily trafficked North Avenue, ensuring maximum exposure for your business. The center features a total of ten suites, with two currently available, ranging from 1,000 to 2,000 contiguous square feet. The building underwent renovations in 2005 and offers ample parking with 35 spaces. The property is zoned B3-2, making it suitable for a variety of retail, commercial, professional, or medical uses. Its convenient location within a densely populated community guarantees a strong customer base. The available spaces provide flexibility for businesses seeking a prominent location in a thriving area. With its excellent accessibility and substantial foot traffic, Arcadia Plaza is an ideal investment for businesses seeking to establish or expand their presence in Chicago. The cross street is Spaulding.

    Property Features for 3301 North Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,500 SF
    Class
    B
    Total Rate
    41208.33

    Building Details

    Year Renovated
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,000 SF
    Rate per SF
    $23
    Space
    Available Space 2
    Size
    1,000 SF
    Rate per SF
    $23

    HighLights

    • Class B, single‑story retail strip center totaling 21,500 square feet.
    • High‑visibility location at 3301 W North Ave, Chicago, IL 60647, on heavily trafficked North Avenue (cross street: Spaulding).
    • Ten suites, two available, ranging from 1,000 to 2,000 contiguous square feet.
    • Renovated in 2005, with 35 parking spaces.
    • B3‑2 zoning allows for various retail, commercial, professional, and medical uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Foremost Liquors - Arcadia Liquor Store BitQuantum BitCoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.71013308
    Latitude
    41.91005645

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    FAQs

    What type of property is this?
    Neighborhood center - Chicago Retail Space: 2,000 SF Available
    Where is this neighborhood center located?
    The property is located at 3301 North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Class B, single-story retail strip center totaling 21,500 square feet.; High-visibility location at 3301 W North Ave, Chicago, IL 60647, on heavily trafficked North Avenue (cross street: Spaulding).; Ten suites, two available, ranging from 1,000 to 2,000 contiguous square feet.
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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
    3301 North Ave Chicago, IL 60647
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