Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1725 Webster Ave Chicago, IL 60614
    Back to Search
    Property profile & analytics

    1725 Webster Ave, Chicago, IL 60614

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1725 Webster Ave

    Property type
    Land

    Description

    Triangle Square presents a unique commercial land opportunity in Chicago's vibrant Lincoln Park/Bucktown neighborhood. This 19,826 square foot lot sits at the highly visible southeast corner of Elston and Webster Avenues, offering exceptional visibility and accessibility. The property boasts a prime stoplight location, ensuring maximum exposure for any development. The site is approved for drive-thru access and includes convenient surface parking. Flexible development options are available, accommodating single or multi-tenant uses ranging from approximately 2,400 to 21,500 square feet across two levels. This makes it ideal for retail, medical, or office spaces. The location benefits from its proximity to two newly constructed luxury residential buildings totaling 372 units, providing a built-in customer base. Furthermore, Triangle Square is conveniently located near the massive, proposed 50+ acre Lincoln Yards development along the Chicago River, promising significant future growth and increased property value. Its premier location adjacent to the Kennedy Expressway ensures easy access for commuters and customers. This rare stoplight corner on busy Elston Avenue presents a compelling new construction or design-build opportunity for discerning investors seeking a high-impact location in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6716
    Latitude
    41.9213

    Comparable in this City

    • Value Estimation by Request

      1700 Diversey Ave

      Land
      1700 Diversey Ave, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      5,250 SF

      1665 Fullerton Ave

      Multifamily properties
      1665 Fullerton Ave, Chicago, IL 60614
      View Details
    • Value Estimation by Request

      935 Willow St

      Land
      935 Willow St, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      0.11 Acres

      2251 Clybourn Ave, Unit 61

      COMMERCIAL (GENERAL)
      2251 Clybourn Ave, Chicago, IL 60614-3052
      View Details
    • Value Estimation by Request
      0.14 Acres

      2480 Clark St

      COMMERCIAL (GENERAL)
      2480 Clark St, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      0.26 Acres

      2545 Clark St

      COMMERCIAL (GENERAL)
      2545 Clark St, Chicago, IL 60614-4096
      View Details

    Similar Nearby for Sale

    • $650,000

      Vacant Land For Sale

      Vacant land available for sale.
      1716 N Clybourn Ave, Chicago, IL 60614
      View Details
    • $3,100,000

      East Lincoln Park Land Opportunity

      Two luxury home sites in prime East Lincoln Park location.
      2342 N Cleveland Ave, Chicago, IL 60614
      View Details
    • $450,000
      0.04 Acres

      Commercial Land in Chicago, IL

      Commercial land available for sale in Chicago, Illinois.
      2441 N Clark St, Chicago, IL 60614
      View Details
    • Contact for pricing

      Elston Avenue Stoplight Corner Land

      Rare corner lot suitable for retail or medical development.
      2155 N Elston Ave, Chicago, IL 60614
      View Details
    • $399,900

      Lincoln Park Vacant Land Opportunity

      Vacant land near Elston/Fullerton/Damen corridor, Lincoln Park/Bucktown border.
      1905 W Fullerton Ave, Chicago, IL 60614
      View Details
    • $1,550,000

      Lincoln Park Corner Lot Opportunity

      Corner lot in Lincoln Park with development potential.
      1324 W Wrightwood Ave, Chicago, IL 60614
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lincoln Park Restaurant Space Available

      Second-generation restaurant space in a prime Lincoln Park location.
      1021 W Armitage Ave, Chicago, IL 60614
      View Details
    • $65 SF/Yr

      Lincoln Park Retail Space Available

      Retail space in the heart of Lincoln Park near Depaul.
      707 W Belden Ave, Chicago, IL 60614
      View Details
    • $23 SF/Yr

      Halsted Street Retail/Office Space

      Exceptional 2,500 SF retail/office space in prime location.
      2521 N Halsted St, Chicago, IL 60614
      View Details
    • Contact for pricing

      Chicago Office Suites For Rent

      Small office suites available in a wonderful Chicago location.
      639 W Diversey Pkwy, Chicago, IL 60614
      View Details
    • Contact for pricing
      3,015 SF

      Lincoln Park Retail Space Available

      3,015 SF retail space in high-traffic Lincoln Park location.
      2417 N Clark St, Chicago, IL 60614
      View Details
    • Contact for pricing
      1,008 SF

      Retail Space in Lincoln Park

      Retail space available in a dynamic Chicago location.
      2742 N Clark St, Chicago, IL 60614
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1725 Webster Ave
    Chicago, IL 60614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1725 Webster Ave, Chicago, IL, 60614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!