Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3201-4758 47 Pl Gage Park Chicago, IL 60632
    Back to Search
    Property profile & analytics

    3201-4758 47 Pl Gage Park Chicago, IL 60632

    View on Map
    • Lifestyle centers
    • 1,036 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 3201-4758 47 Pl Gage Park

    Property size
    1,036 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents a fully vacant 1,036 square foot space within the Kedzie Plaza shopping center, located at 3201-4758 W 47th Place in Chicago's Gage Park neighborhood, Cook County, Illinois, zip code 60632. The property is classified as a retail shopping center with multiple tenancy potential. The entire building comprises 1,036 square feet, offering a unique chance for a single tenant to occupy the entire space. This presents a blank canvas for a business to establish a strong presence in a vibrant community. The property's location in Gage Park provides access to a significant customer base. The address is strategically positioned at 3201-4758 W 47th Place, offering excellent visibility and accessibility. This is an ideal opportunity for a retailer seeking a prominent location in a bustling Chicago neighborhood. The property is currently listed for lease and offers a rare chance to secure a substantial retail space in a prime location. Interested parties are encouraged to inquire for further details and leasing information. The property's latitude and longitude coordinates are 41.8059093 and -87.7041562 respectively.

    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
    -87.7042
    Latitude
    41.8059

    Comparable in this City

    • Value Estimation by Request
      10,701 SF

      4900 Archer Ave

      Lifestyle centers • 10,701 SF
      4900 Archer Ave, Chicago, IL 60632
      View Details
    • Value Estimation by Request
      9,600 SF

      3260 55Th St

      Neighborhood centers • 9,600 SF
      3260 55Th St, Chicago, IL 60632
      View Details
    • Value Estimation
      $24,000,000

      4150 Pulaski Rd

      MINI-MALL
      4150 Pulaski Rd, Chicago, IL 60632-3404
      View Details
    • Value Estimation
      $7,360,000
      54,600 SF

      3220 48th Pl

      MINI-MALL • 54,600 SF
      3220 48th Pl, Chicago, IL 60632
      View Details
    • Value Estimation
      $10,505,000
      7,200 SF

      5151 Pulaski Rd

      MINI-MALL • 7,200 SF
      5151 Pulaski Rd, Chicago, IL 60632-4219
      View Details
    • Value Estimation
      $5,330,000
      28,300 SF

      4701 Kedzie Ave

      MINI-MALL • 28,300 SF
      4701 Kedzie Ave, Chicago, IL 60632-3001
      View Details

    Similar Nearby for Sale

    • $725,000
      0.13 Acres

      Mixed-Use Property with Bar

      Mixed-use property with bar, apartments, and parking in Chicago.
      4785 S Archer Ave, Chicago, IL 60632
      View Details
    • $1,400,000

      Bar with Apartment in Archer

      Established bar with a three-bedroom apartment in Chicago.
      4758 South Pulaski Rd, Chicago, IL 60632
      View Details
    • Contact for pricing
      53,400 SF

      Kedzie Plaza Retail Opportunity

      Established shopping center with value-add potential in dense Chicago location.
      4756 S Kedzie Ave, Chicago, IL 60632
      View Details
    • $325,000
      0.05 Acres

      Active Bakery Storefront on Archer

      Bakery storefront property on Archer Avenue with high traffic.
      4242 S Archer Ave, Chicago, IL 60632
      View Details
    • Contact for pricing
      6,974 SF

      Freestanding Advance Auto Location

      Single-tenant net lease property with long-term operating history.
      4627 S Pulaski Rd, Chicago, IL 60632
      View Details
    • Contact for pricing
      4,020 SF

      Established Auto Shop with Real Estate

      Long-standing auto shop with real estate for sale.
      2427 W 47Th St, Chicago, IL 60632
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      30,250 SF

      Archer Ave Warehouse Redevelopment

      Chicago Warehouse: 30,250 SF + Parking
      4177-4179 Archer Ave, Chicago, IL 60632
      View Details
    • Contact for pricing

      Dominant Retail Center For Lease

      Retail spaces available in high-traffic Chicago shopping center.
      4150 S Karlov Ave, Chicago, IL 60632
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Downtown Chicago

      Retail space available in high-traffic Chicago shopping center.
      3246-3260 W 55Th St, Chicago, IL 60632
      View Details
    • Contact for pricing
      1,036 SF

      Retail Space Near Pete's Market

      Retail space available near high-traffic intersection and public transit.
      3201 West 47Th Pl, Chicago, IL 60632
      View Details
    • Contact for pricing
      1,181 SF

      Retail Space in Dominant Center

      Retail space available in high-traffic shopping center.
      4110-4116 S Pulaski Rd, Chicago, IL 60632
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space on Archer Avenue

      Retail space available on a high-traffic street.
      3956 S Archer Ave, Chicago, IL 60632
      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.
    3201-4758 47 Pl Gage Park
    Chicago, IL 60632
    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
    3201-4758 47 Pl Gage Park, Chicago, IL, 60632
    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!