134 California Ave Chicago, IL 60612-3671
- Industrial properties
- 20,000 SF
- 0.69 lot acres
Current Use by Public Records
- Loyal Casket Co / Social Service Agency
Property Details for 134 California Ave
- Year built
- 1925
- Lot size
- 0.69 lot acres
- Property size
- 20,000 SF
- Property type
- Industrial properties
- APN
- 16-13-111-035
- APU
- 1613111035
Description
This exceptional 2,000-square-foot retail space is ideally situated at 134 S California Avenue in Chicago, Illinois, within the vibrant Cook County area. The property boasts a single-tenant occupancy, offering a blank canvas for a wide range of retail businesses. The entire 2,000 square feet is currently vacant, providing immediate occupancy for prospective tenants. This presents a unique opportunity to establish a strong presence in a bustling Chicago neighborhood. The property's address is conveniently located at 134 S California Ave, Chicago, IL 60612, offering excellent visibility and accessibility for customers. The building's classification is strictly commercial retail, ensuring compatibility with a variety of retail ventures. The property's single-tenant configuration simplifies management and provides a dedicated space for the tenant's exclusive use. This turnkey solution eliminates the complexities of multi-tenant management, allowing businesses to focus on their core operations. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. This prime location in Chicago offers significant potential for growth and success. The property's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area. Serious inquiries are encouraged to explore this exceptional opportunity. The property is available for lease.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,040,000
- ML approach
- $1,985,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,090,000
- 6.5%
- $1,930,000
- 7%
- $1,790,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,600,000 Current use
- RETAIL STORES
- $3,075,000 Change: +18% Conversion: Moderate
- OFFICE BUILDING
- $2,695,000 Change: +4% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,395,000 Change: -8% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6966
- Latitude
- 41.8788
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA