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    2461 Grand Ave Chicago, IL 60612

    Sponsored
    For Lease
    $15 SF/Yr ($9,125 /Mo)

    7,300 SF Retail Space in Chicago

    Lot size:
    7,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 7,300 square foot retail or restaurant space is ideally located at 2461 W. Grand Avenue in Chicago, Illinois, zip code 60612. The property is currently vacant and ready for immediate occupancy. A complete renovation was finished in 2024, ensuring modern and updated facilities for any business. The single-tenant space offers significant flexibility for a variety of uses, making it an attractive opportunity for entrepreneurs and established businesses alike. The property is zoned M1-2, allowing for a range of commercial activities. Situated in Cook County, this location benefits from excellent visibility and accessibility, providing convenient access for customers and employees. The building's substantial size provides ample space for a large-scale operation or the potential to subdivide for multiple smaller tenants (subject to zoning approval). This prime location offers a unique chance to establish a thriving business in a vibrant Chicago neighborhood. The property is available for lease and presents a compelling investment opportunity for those seeking a high-impact commercial space in a desirable area. Interested parties should inquire promptly to secure this exceptional property. The address is 2461 W. Grand Ave, Chicago, IL 60612.

    Property Features for 2461 Grand Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,300 SF
    Total Rate
    9125

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,300 SF
    Rate per SF
    $15

    HighLights

    • High‑bay warehouse space available.
    • Restaurant space potential.
    • Retail space opportunity.
    • Building exterior recently renovated.
    • High ceilings: 14' first floor, 10' second floor.
    • Excellent frontage: 60' on Grand Ave, 103' on Campbell Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.6889748
    Latitude
    41.8911271

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    FAQs

    What type of property is this?
    Restaurant - 7,300 SF Retail Space in Chicago
    Where is this restaurant located?
    The property is located at 2461 Grand Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High-bay warehouse space available.; Restaurant space potential.; Retail space opportunity.
    Request Owner's contact information
    2461 Grand Ave Chicago, IL 60612
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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
    2461 Grand Ave Chicago, IL 60612
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