2800 Armitage AveChicago, IL 60647

Property Details for 2800 Armitage Ave

Year built

2002

Lot size

0.16 AC

Property type

Banks

APN

13-36-125-021

APU

1336125021

Description

This exceptional retail property, located at 2800 West Armitage Avenue in Chicago's vibrant Logan Square neighborhood (zip code 60647, Cook County, IL), offers multiple suite options totaling 24,261 square feet. Two suites are currently available, with a minimum divisible space of 1,686 square feet and a maximum contiguous space of 2,196 square feet. A total of 3,882 square feet is currently vacant. The property benefits from a highly desirable location at a signalized intersection, providing excellent visibility and accessibility. Conveniently located near the CTA Blue Line, this property enjoys easy access to public transportation, attracting a large and diverse customer base. The property also features dedicated parking, a significant advantage in an urban setting. The strong co-tenancy includes nationally recognized brands. This prime location is within a rapidly growing area, experiencing significant residential development and a thriving entertainment scene, including award-winning restaurants and popular music venues such as the Congress Theater and Concord Music Hall. The nearby 606 trail further enhances the area's appeal and walkability. This presents a unique opportunity for businesses seeking a prominent location in one of Chicago's most dynamic and sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $3,144,364

  6.5%

  $2,902,490

  7%

  $2,695,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,332,402

  Geo Method

  $2,332,402

• Alternative Use

  Use

  Valuation

  Residential

  $2,448,359

  Hospitality

  $2,242,684

  Educational

  $1,865,886

  Medical

  $1,930,057

  Retail

  $2,902,490

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9177

Longitude

-87.6975

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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