Property profile

3501 Armitage Ave Chicago, IL 60647

OFF-MARKET
Retail properties & Spaces
Property ID
US28-1855704
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 3,400-square-foot commercial property at 3501 W Armitage Ave, Chicago, IL 60647, offers a unique opportunity in the vibrant Logan Square neighborhood. The space is currently vacant and features a flexible layout suitable for various uses, including retail, restaurant, medical office, creative office, or traditional office. The main level boasts approximately 2,600 square feet with 10 office spaces, 2 bathrooms, and a kitchenette, complemented by lofty ceilings and exposed brick. B3-1 zoning allows for diverse possibilities. A 1,400-square-foot lower level, previously used for community events, provides additional space. The property benefits from its prime location in Logan Square's bustling commercial district, close to the 606 trail and numerous amenities. The owner is open to significant renovations or tenant improvements to accommodate specific business needs, potentially resulting in a higher rental rate. This adaptable space presents a blank canvas for a creative and successful business venture. The property is located near St. Louis Ave and has 12-foot ceilings. Heated. Cook County.

Property profile

Verified
Property type Retail properties & Spaces
UPID US28-1855704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency

Location

3501 Armitage Ave Chicago, IL 60647
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3501 Armitage Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message