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    3265 Armitage Ave Chicago, IL 60647

    For Sale
    $975,000

    Prime location, redevelopment opportunity.

    Property size:
    11,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 3265 W Armitage Avenue in Chicago's vibrant Logan Square neighborhood (zip code 60647), presents a compelling investment opportunity. The property consists of three lots totaling 11,250 square feet (75' x 150'), with a 3,350 square foot, two-story building currently vacant. The building is classified as Class C and zoned B3-1, offering significant flexibility for redevelopment or continued use as a medical office. The property boasts outstanding frontage and visibility on Armitage Avenue, with high daily traffic volume (13,300 vehicles per day) and a single curb cut for convenient access. The existing structure offers 3,350 square feet of net rentable space, suitable for various professional uses, including law firms, insurance agencies, financial services, medical or dental practices, educational institutions, or real estate businesses. Alternatively, the substantial lot size and favorable zoning make it an ideal site for new construction. The property's Cook County Assessor Parcel Numbers (APNs) are 13354040070000, 13354040080000, and 13354040090000, with a combined annual property tax of $17,134.79. The asking price is $975,000. Nearby businesses include A & R Shoes, All Star Pet Care, Haru Sushi Restaurant, Festive Collective, La Estrella, Big Bud Press, Ground Control Restaurant, and Scissorhand Salon. This property offers a unique blend of existing infrastructure and significant development potential in a thriving Chicago neighborhood.

    Property Features for 3265 Armitage Ave

    General Information

    Property type
    Medical offices
    Square Feet
    11,250 SF
    Class
    C
    Lot Size
    10,890 SF

    Building Details

    Stories
    2

    HighLights

    • Exceptional Logan Square development opportunity at 3261‑3265 W Armitage Ave.
    • 11,250 SF lot (75' x 150'), comprised of three parcels, with B3‑1 zoning.
    • High traffic count: 13,300 vehicles per day.
    • Existing 3,350 SF, two‑story mixed‑use building, currently used as office space.
    • Excellent Armitage Avenue frontage and visibility; one curb cut.
    • Property PINs: 13354040070000, 13354040080000, 13354040090000; Total annual taxes: $17,134.79.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forward PC Psychologist Road to Success Social Services Organization Carlos A. Plazas Sr, ... Psychologist

    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
    -87.7095704
    Latitude
    41.9172055

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    FAQs

    What type of property is this?
    Medical office - Prime location, redevelopment opportunity.
    Where is this medical office located?
    The property is located at 3265 Armitage Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Exceptional Logan Square development opportunity at 3261-3265 W Armitage Ave.; 11,250 SF lot (75' x 150'), comprised of three parcels, with B3-1 zoning.; High traffic count: 13,300 vehicles per day.
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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
    3265 Armitage Ave Chicago, IL 60647
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