4901 W Irving Park Rd Chicago, IL 60641
For Lease
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Property summary
Portage Square, a two-story retail and office shopping center located at 4901 W Irving Park Rd in Chicago, IL, presents a compelling investment opportunity. This 60,448 square foot property sits on a 3-acre lot in Cook County (APN: 13-21-202-050-0000) and boasts 180 parking spaces, ensuring ample convenience for customers and employees. Built in 1957, the property offers a blend of established presence and redevelopment potential. Currently, there are multiple tenants, with a significant portion of the space available for lease. A total of 32,590 square feet is currently vacant, offering flexible options for prospective tenants. Spaces range from 4,000 to 18,000 square feet, catering to a variety of business needs. The property's prime location in Chicago's vibrant 60641 zip code ensures high visibility and accessibility. This is an exceptional chance to acquire a well-situated retail and office center with significant upside potential in a bustling Chicago neighborhood. The property's size and layout provide opportunities for both individual tenants and larger businesses seeking substantial space. The substantial vacant square footage presents a unique opportunity to customize the space to meet specific business requirements. This property is ideal for businesses seeking a strong presence in a well-established commercial area.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Chicago market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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