3215 Broadway StChicago, IL 60657

Property Details for 3215 Broadway St

Year built

1960

Lot size

0.21 AC

Property size (Sq ft)

25,200 SF

Property type

Retail properties

Property subtype

Retail space

APN

14-21-314-001

APU

1421314001

Description

This exceptional 6,900 square foot retail space is ideally situated at 3215-3219 N. Broadway Street in Chicago's vibrant Lakeview East neighborhood. Built in 1956, this single-tenant property boasts a striking bow-truss roof with impressive 15-foot ceiling heights. The spacious interior is column-free, offering maximum flexibility for a wide range of retail uses. Convenient amenities include men's and women's locker rooms and a mezzanine level with office space. The building's prime location directly benefits from high visibility, situated just north of the heavily trafficked Broadway and Belmont intersection (approximately 25,000 vehicles per day). Its proximity to public transportation, with the Belmont "L" station only four blocks away, ensures excellent accessibility for customers and employees. Furthermore, the property enjoys a strategic position just two blocks west of Lake Shore Drive, enhancing its visibility and appeal. The surrounding area is bustling with established businesses, including Walgreens, Mariano's, CVS Pharmacy, Starbucks, Stan's Donuts, Lakeview Athletic Club, Eggsperience, and Jersey Mike's, creating a strong retail synergy. This property presents a rare opportunity to establish a thriving business in a highly desirable and well-connected location within Cook County, Illinois, and zip code 60657. The entire 6,900 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $11,904,886

  6.5%

  $10,989,125

  7%

  $10,204,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,271,396

  Geo Method

  $8,271,396

• Alternative Use

  Use

  Valuation

  Residential

  $9,269,738

  Hospitality

  $8,491,031

  Educational

  $7,064,438

  Medical

  $7,307,394

  Retail

  $10,989,125

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9409

Longitude

-87.6441

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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