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1947 Division St Chicago, IL 60622-3148
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1947 Division St Chicago, IL 60622-3148


  • Industrial properties
  • 5,500 SF
  • 0.07 lot acres
Off-Market
Last Sale Jun 11, 2021
$500,000
Property ID
US28-0325641
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.

Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Industrial properties

Property Details for 1947 Division St

Year built
1991
Lot size
0.07 lot acres
Property size
5,500 SF
Property type
Industrial properties
APN
17-06-400-006
APU
1706400006

Description

This exceptional 6,000-square-foot commercial property, located at 1947 W Division St in Chicago's vibrant Wicker Park neighborhood (zip code 60622), presents a unique investment opportunity. Currently entirely vacant, this space offers significant potential for a variety of uses, including medical offices, restaurants, nightclubs, gyms, spas, or dispensaries, as permitted by the C1-2 zoning. The building boasts attractive architectural features, including brick construction, high ceilings, and exposed brick, creating a desirable aesthetic. Previously a grocery store, the space has undergone recent updates, ensuring a move-in ready condition for prospective tenants. The property's prime location on Division Street guarantees high visibility and foot traffic, benefiting from its proximity to major thoroughfares and expressways, as well as convenient access to public transportation. The entire 6,000 square feet is available for lease, offering flexibility for a single large tenant or the possibility of dividing the space to accommodate multiple occupants. This versatile space is ideally suited for businesses seeking a high-profile location in a thriving Chicago neighborhood. The property's size and location make it an excellent choice for a variety of commercial ventures. The building's recent updates and attractive features combine to create a compelling opportunity for a discerning investor or business owner. This is a rare chance to secure a significant presence in one of Chicago's most sought-after neighborhoods.


Value Estimations

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Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6766
Latitude
41.9029
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
$20,684
$7,197
$90,612
$97,809
-
$28,788
$362,448
$391,236
More about this property
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