Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2769 Diversey Pkwy Chicago, IL 60614
    Property profile & analytics

    2769 Diversey Pkwy Chicago, IL 60614

    View on Map
    • Retail properties & Spaces
    • 2,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2769 Diversey Pkwy

    Property size
    2,500 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,500-square-foot retail space is ideally situated at 2769 N Lincoln Ave & 1153 W Diversey Pkwy in Chicago's vibrant Lincoln Park submarket. Located on the ground floor of a charming, four-story vintage apartment building, this single-tenant space boasts abundant natural light thanks to extra-large storefront windows. The property is classified as Class B and is zoned B3 (Community Shopping District), offering a wide range of permitted uses within Cook County. The entire 2,500 square feet is currently vacant, presenting a unique opportunity for a new tenant to establish a presence in this highly desirable location. The building's upper three floors house six residential apartments, creating a built-in customer base and contributing to the area's lively atmosphere. This property offers unparalleled visibility and accessibility, making it an exceptional investment for businesses seeking a prominent location in one of Chicago's most sought-after neighborhoods. The address is easily accessible via Lincoln Avenue and Diversey Parkway, providing excellent exposure to high foot traffic and convenient access for customers. This is a rare opportunity to secure a substantial retail space in a prime Lincoln Park 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
    -87.6578
    Latitude
    41.9323

    Comparable in this City

    • Value Estimation by Request
      9,601 SF

      2653 Clark St

      Neighborhood centers • 9,601 SF
      2653 Clark St, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      17,706 SF

      2730 Halsted St

      Individual retail properties • 17,706 SF
      2730 Halsted St, Chicago, IL 60614
      View Details
    • Value Estimation by Request

      1700 Diversey Ave

      Land
      1700 Diversey Ave, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      9,200 SF

      2577 Clark St

      Restaurants • 9,200 SF
      2577 Clark St, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      265,062 SF

      1237 Fullerton Ave

      Power centers • 265,062 SF
      1237 Fullerton Ave, Chicago, IL 60614
      View Details
    • Value Estimation by Request
      12,000 SF

      1809 Webster Ave

      Day care centers • 12,000 SF
      1809 Webster Ave, Chicago, IL 60614
      View Details

    Similar Nearby for Sale

    • $5,100,000

      Retail Property For Sale

      Retail property available for purchase in Chicago, Illinois.
      2525 N Clark St, Chicago, IL 60614
      View Details
    • Contact for pricing
      5,274 SF

      Retail Property on Fullerton Avenue

      5,274 SF retail property for sale in Chicago, IL.
      1640 W Fullerton Ave, Chicago, IL 60614
      View Details
    • Contact for pricing
      800 SF

      Restaurant Space on Halsted Street

      800 SF restaurant space with existing kitchen and licenses.
      2202 N Halsted St, Chicago, IL 60614
      View Details
    • Contact for pricing
      37,615 SF

      Iconic Retail Asset in Lincoln Park

      Retail asset in Chicago's affluent Lincoln Park neighborhood.
      2063 N Clark St, Chicago, IL 60614
      View Details
    • Contact for pricing

      High-Traffic Retail Opportunity

      Retail property for sale with high traffic volume.
      3970-3982 North Milwaukee Ave, Chicago, IL 60614
      View Details
    • $375,000

      Lincoln Park Commercial Condo Opportunity

      Prime 4,650 SF commercial condo in high-demand Lincoln Park.
      2020 N Lincoln St, Chicago, IL 60614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,679 SF

      Restaurant Space Available for Lease

      3,679 SF fully built-out restaurant space for lease.
      2756 N Pine Grove Ave, Chicago, IL 60614
      View Details
    • Contact for pricing
      2,000 SF

      Lincoln Park Restaurant Opportunity

      Turnkey restaurant space in Chicago's iconic Lincoln Park neighborhood.
      2500 N Ashland Ave, Chicago, IL 60614
      View Details
    • $36 SF/Yr
      2,900 SF

      Lincoln Park Retail Space For Lease

      Prime Lincoln Park storefront, 2900 sq ft.
      2000 Clifton Ave, Chicago, IL 60614
      View Details
    • Contact for pricing
      38,640 SF

      Lincoln Park End-Cap Retail Space

      End-cap unit in Lincoln Park with parking and storage.
      1925 North Clybourn Ave, Chicago, IL 60614
      View Details
    • $30 SF/Yr

      Prime Retail Space Available Now

      Commercial storefront in Lincoln Park/Lakeview with high traffic and visibility.
      2769 W Diversey Pkwy, Chicago, IL 60614
      View Details
    • Contact for pricing
      6,389 SF

      Retail Spaces on Diversey Parkway

      Prime retail spaces available on Chicago's Diversey Parkway.
      665 W Diversey Pkwy, 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.
    2769 Diversey Pkwy
    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
    2769 Diversey Pkwy, 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!