15 E 83Rd St Chicago, IL 60619
For Sale
This exceptional retail property, located at 15-33 E. 83rd St in Chicago, Illinois, presents a unique investment opportunity. Boasting 5,200 square feet of space, this free-standing building offers unparalleled visibility at the intersection of the Dan Ryan Expressway and 83rd Street in the vibrant Chatham neighborhood. The property features a substantial amount of street-facing windows, maximizing natural light and providing excellent storefront appeal. Previously used as a restaurant, this second-generation space is well-suited for a variety of uses, including restaurants, medical or dental offices, or a co-working space. Ample parking is available with 39 spaces, a significant advantage in this location. The asking price for this prime retail space is $1,350,000. The property's address is 15 E 83rd St, Chicago, IL 60619, situated in Cook County. This location offers exceptional access to major transportation routes and a strong customer base. The property's size and prominent location make it an ideal investment for discerning buyers seeking a high-impact commercial property in a thriving Chicago neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.