3401 Broadway St Chicago, IL 60657
- Retail residential properties
- 2,900 SF
- 0.42 lot acres
Current Use by Public Records
- Marcin Krempa - RE/MAX PREMIER / Real Estate Agency
- April Nessler Motto Mortgage NEXT / Mortgage Broker
- walker robinson | re/max premier / Real Estate Agent
- Terry Young, RE/MAX Premier / Real Estate Agent
- RE/MAX Premier - Lakeview Office / Real Estate Agency
Property Details for 3401 Broadway St
- Year built
- 1918
- Lot size
- 0.42 lot acres
- Property size
- 2,900 SF
- Property type
- Retail residential properties
- APN
- 14-21-307-016
- APU
- 1421307016
Description
This exceptional 2,548 square foot street-level commercial space is ideally located in the vibrant Lakeview East neighborhood of Cook County, Illinois. Situated on a bustling pedestrian corridor near Wrigley Field, this property boasts unparalleled visibility and accessibility. The completely renovated space features high ceilings, large front windows providing excellent natural light, and an ADA-compliant restroom. Its versatile layout offers an inviting open floor plan at the front, seamlessly transitioning into uniquely divisible private offices in the rear, making it suitable for a variety of uses including retail, personal services, or traditional office space. The space's prominent location, less than half a mile from Wrigley Field, benefits from the high foot traffic and proximity to numerous shopping and dining options, catering to a dense and affluent population. Wide sidewalks further enhance visibility and pedestrian access. This is a truly exceptional opportunity to secure a prime commercial space in one of Chicago's most desirable neighborhoods. The property is a single-tenant space within a larger building, and the total square footage of the building is not available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $495,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $575,000
- Geo Method
- $630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $440,000
- Mixed-Use
- $505,000
- Hospitality
- $485,000
- Educational
- $585,000
- Residential Income
- $425,000
- Energy
- $470,000
- Income-Based Land
- $505,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6447
- Latitude
- 41.9437
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
