Property profile

1015-17 Armitage Ave Chicago, IL 60614

OFF-MARKET
Retail properties & Spaces
11,170 SF Built 1881
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Property summary

AI-generated overview

This exceptional 2,294 square foot medical office space is situated in the heart of Chicago's vibrant Lincoln Park neighborhood at 1015-17 West Armitage Avenue. Part of a larger 11,170 square foot building constructed in 1881, this ground floor storefront offers unparalleled visibility and accessibility. The space boasts floor-to-ceiling windows, providing excellent natural light, and includes ADA-compliant restrooms. A convenient basement provides ample storage. This location benefits from high pedestrian traffic, situated along the bustling Armitage Avenue retail corridor, surrounded by a mix of national, regional, and local businesses. The property's prime location offers easy access to public transportation, being just steps from the Armitage "L" station (Brown/Purple lines) and within walking distance of the Fullerton "L" station (Red/Brown/Purple lines). It's also less than a mile from I-94 access, ensuring convenient access for patients and staff. Nearby establishments include Starbucks, Studio Lagree, Le Pain Quotidien, Bonobos, Aesop, and many other popular retailers, creating a thriving and desirable commercial environment. The building is located in Cook County, Illinois, and offers multiple tenancy options. This is a rare opportunity to secure a well-positioned medical office space in one of Chicago's most affluent and sought-after neighborhoods.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1881
Total area 11,170 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1015-17 Armitage Ave Chicago, IL 60614
Chicago metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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