Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1052 Bryn Mawr Ave Chicago, IL 60660
    Back to Search
    Property profile & analytics

    1052 Bryn Mawr Ave Chicago, IL 60660

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

    Current Use by Public Records

    • Winter Bryn Mawrkets / Shopping Center & Mall
    • Sweet Comb Chicago / (Bike/Boat/Book/etc) Store

    Property Details for 1052 Bryn Mawr Ave

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1,068-square-foot creative office space is situated within the iconic Belle Shore Apartment Hotel building at the corner of Bryn Mawr and Winthrop Avenues in Chicago's vibrant Edgewater neighborhood. This single-tenant space boasts high ceilings and abundant natural light, creating a bright and inspiring work environment. An ADA-compliant single-stall bathroom is included. The space offers the unique advantage of potential combination or separation with the adjacent unit at 1056 W. Bryn Mawr Ave. Located in the heart of Edgewater's Bryn Mawr Avenue Historic District, this property benefits from its prime location within a thriving commercial corridor. The area is a hub for local shopping, dining, and entertainment, with nearby co-tenants including Sip & Savor Edgewater and Gold Scissors. Numerous national retailers such as Walgreens, Whole Foods, and Mariano's are also in close proximity. The property enjoys excellent accessibility, with convenient access to CTA train stations, bus stops, and ample street parking. Chicago's Lakefront Trail is easily accessible, and Sheridan Road, with over 22,000 vehicles per day, runs nearby. The area boasts a dense population, with 69,307 residents and 58,192 daytime workers within a one-mile radius, ensuring a high volume of potential customers and employees. This is a rare opportunity to establish a presence in a highly desirable and well-connected location.

    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
    -87.6574
    Latitude
    41.9838

    Comparable in this City

    • Value Estimation by Request
      5,348 SF

      1333 Devon Ave

      Individual retail properties • 5,348 SF
      1333 Devon Ave, Chicago, IL 60660
      View Details
    • Value Estimation by Request

      1056 Bryn Mawr Ave

      Restaurants
      1056 Bryn Mawr Ave, Chicago, IL 60660
      View Details
    • Value Estimation by Request
      2,000 SF

      5633 Ashland Ave

      Restaurants • 2,000 SF
      5633 Ashland Ave, Chicago, IL 60660
      View Details
    • Value Estimation by Request

      1058 Bryn Mawr Ave

      Restaurants
      1058 Bryn Mawr Ave, Chicago, IL 60660
      View Details
    • Value Estimation by Request
      6,700 SF

      5751 Clark St

      NURSERY, GREENHOUSE, FLORIST • 6,700 SF
      5751 Clark St, Chicago, IL 60660
      View Details
    • Value Estimation by Request
      3,800 SF

      1334 Devon Ave

      Mixed-use properties • 3,800 SF
      1334 Devon Ave, Chicago, IL 60660
      View Details

    Similar Nearby for Sale

    • $895,000

      Versatile Flex Building on Corner Lot

      7,220 SF flex building with parking and secure loading.
      1900 W Peterson Ave, Chicago, IL 60660
      View Details
    • $895,000

      Versatile Flex Building on Corner Lot

      7,220 SF flex building with office and warehouse space.
      1900 W Peterson Ave, Chicago, IL 60660
      View Details
    • $895,000

      Versatile Flex Building on Corner Lot

      7,220 SF flex building in West Ridge/Edgewater area.
      1900 W Peterson Ave, Chicago, IL 60660
      View Details
    • $799,000

      Edgewater Church with Development Potential

      Two-story church in Edgewater with redevelopment opportunities near Andersonville.
      1527 West Edgewater Ave, Chicago, IL 60660
      View Details
    • $799,000

      Edgewater Church with Development Potential

      Two-story church on a 4,932 SF lot with redevelopment potential.
      1527 W Edgewater Ave, Chicago, IL 60660
      View Details
    • Contact for pricing
      22,000 SF

      Single Tenant Net Lease Investment

      Long-term net lease with rental increases in a high-traffic area.
      6101 N Broadway St, Chicago, IL 60660
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Edgewater Corner Building on Clark

      Corner building suitable for office, retail, or medical use.
      6331 N Clark St, Chicago, IL 60660
      View Details
    • $33 SF/Yr

      Devon Avenue Retail/Salon/Office Space

      Updated retail space suitable for salon, office, restaurant, or medical.
      1337 W Devon Ave, Chicago, IL 60660
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Chicago.
      1122 W Bryn Mawr Ave, Chicago, IL 60660
      View Details
    • Contact for pricing
      1,350 SF

      Renovated Retail and Office Space

      Recently renovated retail unit and shared office suites for rent.
      1754-1768 W Devon Ave, Chicago, IL 60660
      View Details
    • Contact for pricing
      1,350 SF

      Ravenswood Retail or Office Space

      Renovated retail or office suite in high-visibility location.
      1754-1768 West Devon Ave, Chicago, IL 60660
      View Details
    • Contact for pricing
      7,000 SF

      Edgewater Restaurant Space For Lease

      Equipped restaurant space with outdoor patio near CTA Red Line.
      5614 N Winthrop Ave, Chicago, IL 60660
      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.
    1052 Bryn Mawr Ave
    Chicago, IL 60660
    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
    1052 Bryn Mawr Ave, Chicago, IL, 60660
    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!