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    4017 Ogden Ave Chicago, IL 60632
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    Property profile & analytics

    4017 Ogden Ave Chicago, IL 60632

    View on Map
    • Retail space
    • 6,000 SF
    Off-Market
    Property ID
    US28-4968489
    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

    • Victory Chicago / Church
    • Puland Bedding / Furniture & Home Goods / Home Decor Store
    • Ignite Center / Association Or Organization

    Property Details for 4017 Ogden Ave

    Property size
    6,000 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional 6,000 square foot storefront, located at 4017 W. Ogden Avenue in Chicago, Illinois (zip code 60632), presents a remarkable investment opportunity. Situated in the vibrant North Lawndale, Ogden, and Pulaski Corridor, this mixed-use property boasts high visibility due to its prime location on Ogden Avenue, a thoroughfare with significant traffic volume. The property benefits from convenient access to public transportation, enhancing its appeal to both businesses and customers. Previously used as a rehabilitation center, the building has undergone a complete and extensive renovation. Improvements include a new roof, updated windows, and modern metal porches and air cases. A fully finished basement adds significant usable space. Furthermore, the property includes a commercial kitchen, making it suitable for a variety of food-related businesses or easily adaptable to other uses. The extensive remodeling, including bathroom upgrades and room count adjustments, provides a blank canvas for a future owner to customize and develop according to their specific needs and vision. The asking price for this exceptional retail space is $459,000. This property offers a unique blend of location, size, and recent renovations, making it an ideal investment for discerning buyers seeking a high-impact commercial space in a rapidly developing area of Chicago.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7074089
    Latitude
    41.8074687

    Comparable in this City

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      Pending

      Mixed-Use Building with Extra Lot

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      Archer Avenue Mixed-Use Investment

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    • $325,000
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      Active Bakery Storefront on Archer

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      Active Bakery Storefront on Archer

      Bakery storefront property on Archer Avenue with high traffic.
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      Archer Avenue Retail Storefront For Sale

      6,000 SF net leased retail storefront on Archer Avenue.
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      53,400 SF

      Kedzie Plaza Retail Opportunity

      Established shopping center with value-add potential in dense Chicago location.
      4756 S Kedzie Ave, Chicago, IL 60632
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    Similar Nearby for Sale

    • $375,000
      Pending

      Mixed-Use Building with Extra Lot

      Mixed-use building featuring storefront, apartment, and extra parking lot.
      2547 W 51St St, Chicago, IL 60632
      View Details
    • $480,000
      5,400 SF

      Archer Avenue Mixed-Use Investment

      Mixed-use property on Archer Avenue with income and upside.
      4239 S Archer Ave, Chicago, IL 60632
      View Details
    • $325,000
      0.05 Acres

      Active Bakery Storefront on Archer

      Bakery storefront property on Archer Avenue with high traffic.
      4242 S Archer Ave, Chicago, IL 60632
      View Details
    • $325,000
      2,187 SF

      Active Bakery Storefront on Archer

      Bakery storefront property on Archer Avenue with high traffic.
      4242 S Archer Ave, Chicago, IL 60632
      View Details
    • $450,000
      6,000 SF

      Archer Avenue Retail Storefront For Sale

      6,000 SF net leased retail storefront on Archer Avenue.
      4269 S Archer Ave, Chicago, IL 60632
      View Details
    • Contact for pricing
      53,400 SF

      Kedzie Plaza Retail Opportunity

      Established shopping center with value-add potential in dense Chicago location.
      4756 S Kedzie Ave, Chicago, IL 60632
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Near Public Transit

      Retail space with high foot traffic and public transportation access.
      5151 S Pulaski Rd, Chicago, IL 60632
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    • $3,000 /Mo

      Archer Heights Commercial Storefront Available

      Prime commercial space in Archer Heights, Chicago. Adaptable layout.
      4239 S Archer Ave, Chicago, IL 60632
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    • Contact for pricing
      8,292 SF

      Redeveloped Retail Space Available

      Redeveloped retail space with high-traffic location, available early 2024.
      4324 S Kedzie Ave, Chicago, IL 60632
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    • Contact for pricing

      Chicago Retail/Office Space Available

      Well-maintained commercial space suitable for retail or office use.
      4254 W 55Th St, Chicago, IL 60632
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      3,800 SF

      Retail Space on Kedzie Avenue

      3,800 SF corner retail unit in high-traffic area.
      4600-4648 S Kedzie Ave, Chicago, IL 60632
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space on Archer Avenue

      Retail space available on a high-traffic street.
      3956 S Archer Ave, Chicago, IL 60632
      View Details
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    4017 Ogden Ave
    Chicago, IL 60632
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4017 Ogden Ave, Chicago, IL, 60632
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