642 Clark St Chicago, IL 60605
- Residential income homes
- 11,778 SF
- 0.06 lot acres
Current Use by Public Records
- Dwight Lofts / Student Housing Center / Apartment Complex
- RiNo Bar / Bar
- ParkChicago / Transportation Service
- Columbia College Chicago / College
- Boulevard Real Estate Brokerage Inc. / Real Estate Consultant / Commercial Real Estate Agency
Property Details for 642 Clark St
- Year built
- 1878
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.06 lot acres
- Property size
- 11,778 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 17-09-225-013
- APU
- 1709225013
Description
This exceptional 1,915 square foot retail space is ideally situated at the base of a residential building in Chicago's vibrant Printer's Row neighborhood. The property offers a single-tenant occupancy, perfect for a variety of businesses. Its strategic location provides immediate co-tenancy with established businesses including Columbia College, Pat's Pizza, Paisan's, and Urban Pantry, ensuring high foot traffic and brand synergy. The space is a second-generation build-out, making it particularly well-suited for service-oriented tenants who may require minimal build-out costs. This adaptable layout presents a fantastic opportunity for small businesses seeking a prominent presence near the Loop, a central business district in Chicago. The property's convenient location offers easy access to public transportation, being within walking distance of both the CTA Blue and Red lines, ensuring excellent accessibility for both employees and customers. This location provides a unique blend of high visibility and convenient access, making it an attractive option for businesses seeking a thriving and well-connected location. The space is ready for immediate occupancy and presents a rare opportunity to establish a business in a highly desirable and established neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,955,000
- 6.5%
- $4,210,000
- 7%
- $3,625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,915,000
- Geo Method
- $4,565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,410,000
- Retail
- $4,610,000
- Mixed-Use
- $3,440,000
- Hospitality
- $4,440,000
- Educational
- $3,430,000
- Residential Income
- $3,785,000
- Energy
- $3,410,000
- Income-Based Land
- $3,410,000
- Food Service
- $4,000,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6316
- Latitude
- 41.8937
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA