4634 Western Ave Chicago, IL 60625
- Retail residential properties
- 3,800 SF
- 0.17 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 4634 Western Ave
- Year built
- 1918
- Lot size
- 0.17 lot acres
- Property size
- 3,800 SF
- Property type
- Retail residential properties
- APN
- 13-13-211-034
- APU
- 1313211034
Description
This exceptional retail property, located at 4634 North Western Avenue, offers a fantastic opportunity for businesses seeking high visibility and a prime location. The newly developed multi-tenant building boasts a total of 4,634 square feet, with two available spaces of 1,100 square feet each, which can be combined to create a larger footprint. This location benefits from exceptional visibility on Western Avenue, a major thoroughfare with a high volume of daily traffic (16,800 vehicles per day). Its proximity to the CTA Brown Line provides convenient access for customers and employees via public transportation. The surrounding area is vibrant and features a strong mix of established businesses, including Walgreens, Potbelly Sandwich Shop, Jimmy John's, the Chicago Athletic Club, and Orangetheory Fitness, creating a synergistic retail environment. The high average household income within a one-mile radius ($103,737) indicates a strong consumer base with significant purchasing power. The property's convenient location near fitness clubs and restaurants further enhances its appeal and provides additional foot traffic. This is an ideal opportunity for businesses seeking a thriving location with excellent visibility and access to a high-income demographic. The flexible space options allow for customization to suit various business needs. Don't miss this chance to establish your business in a dynamic and desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,715,000
- 6.5%
- $1,910,000
- 7%
- $1,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,975,000
- Geo Method
- $1,525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,935,000
- Retail
- $2,080,000
- Mixed-Use
- $2,050,000
- Hospitality
- $2,125,000
- Educational
- $2,260,000
- Residential Income
- $2,155,000
- Energy
- $1,675,000
- Income-Based Land
- $2,225,000
- Food Service
- $2,260,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6892
- Latitude
- 41.9659
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
