4848 Sheridan Rd Chicago, IL 60640
- Office Properties & Spaces
Current Use by Public Records
- Karen Ayers - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
- Wangle Creative, Inc / Graphic Designer
- Kids Future Day Care Center / Day Care Center / Nursery School
- New City Remodeling / Bathroom Remodeler / General Contractor
- ATM Machine at P Shop North / Atm
Property Details for 4848 Sheridan Rd
- Property type
- Office Properties & Spaces
- APN
- 14-08-416-043-1001
- APU
- 14084160431001
Description
This exceptional 5,257 square foot single-tenant space is located within the prestigious Sheridan Grande, a modern condominium building in Chicago's vibrant Uptown submarket. Built in 2005, this 228,800 square foot building offers a variety of uses, including traditional office, medical office, and creative office spaces. The property is ideally suited for businesses seeking a versatile and adaptable environment. The space is currently shell space, providing a blank canvas for tenant build-out and customization to perfectly meet your specific needs. This presents a unique opportunity to create a truly bespoke workspace. The building boasts a prime location, just a 7-minute walk from the Lawrence and Argyle CTA Red Line stations, providing convenient access to public transportation. Enjoy the proximity to local amenities, including Montrose Street Beach and the Aragon Ballroom. Other tenants in the building include State Farm and a daycare center. An attractive incentive of up to 12 months of free rent is currently being offered. This is a rare opportunity to secure a highly desirable space in a thriving Chicago neighborhood. The property is located at 4848 N Sheridan Rd, Chicago, IL 60640, within Cook County. The property type is retail and office, with a single tenancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $310,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $270,000
- Mixed-Use
- $285,000
- Hospitality
- $300,000
- Educational
- $245,000
- Residential Income
- $325,000
- Energy
- $245,000
- Income-Based Land
- $305,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6553
- Latitude
- 41.971
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA