Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4256 Cottage Grove Ave Chicago, IL 60653
    Back to Search
    Property profile & analytics

    4256 Cottage Grove Ave Chicago, IL 60653

    View on Map
    • Retail properties & Spaces
    • 2,210 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4256 Cottage Grove Ave

    Property size
    2,210 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional three-story commercial property, located at 4256 S Cottage Grove Ave in Chicago's Bronzeville neighborhood (zip code 60653, Cook County, IL), offers flexible retail and executive office space. The building totals 2,210 square feet and is currently fully vacant, presenting a unique opportunity for a single tenant or multiple tenants. Two contiguous spaces are available, with a minimum leasable area of 1,025 square feet and a maximum contiguous space of 1,185 square feet. The property is zoned C1-3, allowing for a variety of commercial uses. Its prime location in Bronzeville provides excellent visibility and accessibility. The building's layout is adaptable to suit diverse business needs, making it an ideal space for established businesses seeking expansion or startups looking for a prominent location. Given the full vacancy, this presents a rare chance to customize the space to perfectly match your operational requirements. The property's strategic location within Cook County, Illinois, offers easy access to major transportation routes and a vibrant urban environment. Serious inquiries are encouraged to explore this exciting opportunity to establish a presence in a thriving Chicago neighborhood. Contact us today to schedule a viewing and discuss your business needs.

    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
    -87.607
    Latitude
    41.8169

    Comparable in this City

    • Value Estimation by Request

      752 43Rd St

      Office Spaces
      752 43Rd St, Chicago, IL 60653
      View Details
    • Value Estimation by Request
      2,487 SF

      541 47Th St

      Restaurants • 2,487 SF
      541 47Th St, Chicago, IL 60653
      View Details
    • Value Estimation by Request
      35,850 SF

      4659 Cottage Grove Ave

      Individual retail properties • 35,850 SF
      4659 Cottage Grove Ave, Chicago, IL 60653
      View Details
    • Value Estimation by Request
      2,680 SF

      70 Pershing Rd

      Retail properties & Spaces • 2,680 SF
      70 Pershing Rd, Chicago, IL 60653
      View Details
    • Value Estimation by Request
      0.20 Acres

      1040 47th St

      CONDOMINIUM OFFICES • 0.20 Acres
      1040 47th St, Chicago, IL 60653-3600
      View Details
    • Value Estimation by Request
      0.06 Acres

      74 Pershing Rd

      CONDOMINIUM OFFICES • 0.06 Acres
      74 Pershing Rd, Chicago, IL 60653-1531
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,500 SF

      Historical Bronzeville Commercial Building

      7,500 SF building in Bronzeville's emerging retail district.
      4636 S King Dr, Chicago, IL 60653
      View Details
    • $1,900,000

      Bronzeville Commercial Building For Sale

      12,000 SF commercial building in revitalizing Bronzeville neighborhood.
      418 E 43Rd St, Chicago, IL 60653
      View Details
    • $1,900,000

      Bronzeville School Campus Opportunity

      Former St. Elizabeth School campus in Chicago's Bronzeville neighborhood.
      4052 South Wabash Ave, Chicago, IL 60653
      View Details
    • Contact for pricing
      40,492 SF

      Former Walmart Neighborhood Market

      Retail property in mixed-use project, built in 2014.
      4720 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Outdoor Parking Space For Sale

      Outdoor parking space available at Four Winds Condominiums.
      4441 S Indiana Ave, Chicago, IL 60653
      View Details
    • New
      $750,000
      0.30 Acres

      Grand Boulevard Investment Property

      Six-unit commercial building with five tenants near train station.
      339 E 47Th St, Chicago, IL 60653
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bronzeville Retail/Office Space Available

      Prime retail/office space in Bronzeville Jazz District.
      541 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Bronzeville/Hyde Park Shared Office Space

      Shared office suites in Bronzeville/Hyde Park, all inclusive rent.
      710 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Bronzeville/Hyde Park Shared Office Space

      Shared office suites in Chicago's Bronzeville/Hyde Park area.
      710 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Bronzeville/Hyde Park Shared Office Space

      Shared office suites in Chicago's Bronzeville/Hyde Park area.
      710 E 47Th St, Chicago, IL 60653
      View Details
    • $15 SF/Yr

      Commercial Retail Storefront Near University

      2,000 sq ft commercial/retail space near University of Chicago.
      4502 S Cottage Grove Ave, Chicago, IL 60653
      View Details
    • $17 SF/Yr
      1,025 SF

      Retail Spaces in Historic Bronzeville

      Two retail spaces available in Chicago's Bronzeville neighborhood.
      4254 S Cottage Grove Ave, Chicago, IL 60653
      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.
    4256 Cottage Grove Ave
    Chicago, IL 60653
    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
    4256 Cottage Grove Ave, Chicago, IL, 60653
    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!