Property profile

4308 Calumet Ave Chicago, IL 60653

OFF-MARKET
Retail properties & Spaces
4,741 SF Built 2024
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Property summary

AI-generated overview

This Class A, 4,741 square foot retail space is located in the vibrant Bronzeville submarket of Cook County. Built in 2024, the property offers three available suites, ranging from a minimum of 1,216 square feet to a maximum contiguous space of 4,741 square feet. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple businesses to occupy this prime location. The building boasts a strategic position directly adjacent to the 43rd (Green Line) CTA station, ensuring high visibility and accessibility for customers. Adding to its appeal, the property benefits from the presence of 99 residential units located above the first-floor retail space, creating a built-in customer base. A further 80 residential units are slated to open in Fall 2024 as part of Phase II development, further enhancing the property's potential. This exceptional retail space offers an unparalleled opportunity to establish a thriving business in a rapidly growing and highly desirable neighborhood. The property's modern construction and convenient location make it an ideal choice for a variety of retail uses. Contact us today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 4,741 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Complex

Location

4308 Calumet Ave Chicago, IL 60653
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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