10231 Western Ave Chicago, IL 60643-1917
- Retail space
- 2,900 SF
- 0.19 lot acres
Dec 04, 2020
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
-
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
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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