1053 Grand Ave Chicago, IL 60642-6556
Property profile & analytics
1053 Grand Ave Chicago, IL 60642-6556
- Commercial real estate
- 1,300 SF
- 0.05 lot acres
Property ID
US28-1671656
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.
Location Intelligence
Current Use by Public Records
- Tesla / Car Dealership
- Tesla Solar / Production Facility
Property Details for 1053 Grand Ave
- Year built
- 1963
- Lot size
- 0.05 lot acres
- Property size
- 1,300 SF
- Property type
- Commercial real estate
- APN
- 17-08-248-004
- APU
- 1708248004
Description
This exceptional 9,089-square-foot retail space, formerly occupied by Tesla, is ideally situated on Grand Avenue in Chicago's vibrant West Loop/West Town neighborhood. The single-tenant building boasts an open interior layout, complemented by a striking bow-truss ceiling and ample natural light from strategically placed skylights. Functionality is maximized with multiple drive-in doors, catering perfectly to an auto shop or similar business. On-site parking is provided with 20 spaces. The property benefits from its proximity to major transportation arteries, including Interstate-90 and the Grand Avenue Blue Line "L" Station, ensuring easy accessibility for both employees and customers. This prime location is surrounded by a thriving community, boasting an average household income exceeding $157,000 within a one-mile radius. The property's location just blocks from Fulton and Randolph Streets places it amidst a collection of high-end restaurants, retailers, and corporate offices, including notable names such as Lululemon, Billy Reid, Warby Parker, Allbirds, and Patagonia, as well as numerous acclaimed restaurants. Built in 1963, this Cook County property presents a unique opportunity to establish a business in a highly desirable and affluent area. The entire 9,089 square feet is currently vacant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,690,000
- ML approach
- $3,935,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6541
- Latitude
- 41.8909
- 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
$13,925
$10,000
$57,700
$67,700
-
$40,000
$230,800
$270,800
