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    10628 Halsted St Chicago, IL 60628

    • Retail space
    • 8,300 SF
    • 0.31 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $620,000
    Last Sale
    Aug 10, 2023
    $650,000
    Location Intelligence
    Property ID
    US28-1978471
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 10628 Halsted St

    Year built
    1964
    Lot size
    0.31 lot acres
    Property size
    8,300 SF
    Property type
    Retail space
    APN
    25-17-230-070
    APU
    2517230070

    Description

    This exceptional retail property, located at 10628 S Halsted St in Chicago's Morgan Park community, offers 9,260 square feet of space in a three-suite strip center. Currently, 6,780 square feet are available, divisible into units ranging from 1,000 to 3,100 contiguous square feet. The property sits on a 0.4-acre lot and boasts ample parking, a significant advantage in this densely populated area. The building is undergoing exterior renovations, updating the façade with a modern design. This prime location benefits from high traffic volume, with approximately 18,800 vehicles per day (VPD) on Halsted Street and 4,700 VPD on 107th Street. The property is situated in Cook County, Illinois, within the Southside submarket and offers a unique opportunity for businesses seeking high visibility and accessibility in a thriving community. The property's ideal size and flexible lease options make it suitable for a variety of retail uses. This is a rare chance to secure a well-located retail space in a rapidly developing area of Chicago.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $630,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $500,000
      Mixed-Use
      $635,000
      Hospitality
      $575,000
      Educational
      $605,000
      Residential Income
      $615,000
      Energy
      $690,000
      Income-Based Land
      $615,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.643
    Latitude
    41.7004
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,347
    $30,375
    $82,286
    $112,661
    -
    $121,500
    $329,144
    $450,644

    Comparable in this City

    • Value Estimation by Request

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    • Value Estimation by Request
      1.05 Acres

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      11550 Halsted St, Chicago, IL 60628-5218
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    • Value Estimation by Request
      0.06 Acres

      10520 Halsted St, Unit 30

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      10520 Halsted St, Chicago, IL 60628-2308
      View Details
    • Value Estimation by Request
      0.06 Acres

      9957 Halsted St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      9957 Halsted St, Chicago, IL 60628
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    • Value Estimation by Request
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      10317 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,200 SF
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    • Value Estimation by Request
      8,700 SF

      11451 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,700 SF
      11451 Michigan Ave, Chicago, IL 60628-4901
      View Details

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    10628 Halsted St
    Chicago, IL 60628
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    Realmo Value Estimation

    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.

    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.

    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
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