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Property profile & analytics

10231 Western Ave Chicago, IL 60643-1917

  • Retail space
  • 2,900 SF
  • 0.19 lot acres
OFF-MARKET
Last Sale
Dec 04, 2020
Value Estimations
$550,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0137485
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

  • Wharff Wellness / Nutritionist
  • The Marques Eason Law Group / Real Estate Attorney / Estate Planning Attorney
  • CHICAGO'S BRAVEST CREDIT UNION / Credit Union
  • Farmers Insurance - Tommie Johnson / Life Insurance Agency / Motorcycle Insurance Agency
  • Guaranteed Rate of Chicago Western Ave / Mortgage Lender

Property Details for 10231 Western Ave

Year built
1957
Lot size
0.19 lot acres
Property size
2,900 SF
Property type
Retail space
Property subtype
Storefront properties
APN
25-07-323-034
APU
2507323034

Description

This exceptional 280-square-foot office suite is ideally situated at 10231 S Western Ave in Chicago's vibrant Beverly Hills neighborhood. Part of a larger 2,000-square-foot building constructed in 1957, this single-tenant space offers a private bathroom, enhancing privacy and convenience. Shared amenities within the building include a welcoming reception/waiting area, a functional conference room perfect for client meetings or team collaborations, and a well-equipped kitchenette for staff convenience. The building's design prioritizes comfort and productivity, creating a professional and inspiring work environment. The surrounding area is rich with amenities, including a diverse selection of restaurants, cafes, fitness centers, and retail shops, all easily accessible on foot. This location provides a balanced work-life integration, with convenient parking available for tenants and visitors. Furthermore, the property enjoys easy access to major transportation routes, offering seamless commutes and connectivity to downtown Chicago. This is a fantastic opportunity for entrepreneurs, professionals, or small firms seeking a well-appointed and conveniently located office space. The property is classified as Executive Office, Traditional Office, and Medical Office space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $380,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $670,000
    6.5%
    $615,000
    7%
    $575,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $432,000
    Market price range: $131k - $433k
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $375,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $695,000
    Change: +85% Conversion: Moderate
    OFFICE BUILDING
    $390,000
    Change: +4% Conversion: Easy
    AUTO REPAIR, GARAGE
    $345,000
    Change: -8% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6812
Latitude
41.7073
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
$21,935
$29,925
$67,575
$97,500
-
$119,700
$270,300
$390,000
More about this property
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