3401 Broadway StChicago, IL 60657

Property Details for 3401 Broadway St

Year built

1918

Lot size

0.42 AC

Property size (Sq ft)

2,900 SF

Property type

Retail residential properties

APN

14-21-307-016

APU

1421307016

Description

This exceptional 2,548 square foot street-level commercial space is ideally located in the vibrant Lakeview East neighborhood of Cook County, Illinois. Situated on a bustling pedestrian corridor near Wrigley Field, this property boasts unparalleled visibility and accessibility. The completely renovated space features high ceilings, large front windows providing excellent natural light, and an ADA-compliant restroom. Its versatile layout offers an inviting open floor plan at the front, seamlessly transitioning into uniquely divisible private offices in the rear, making it suitable for a variety of uses including retail, personal services, or traditional office space. The space's prominent location, less than half a mile from Wrigley Field, benefits from the high foot traffic and proximity to numerous shopping and dining options, catering to a dense and affluent population. Wide sidewalks further enhance visibility and pedestrian access. This is a truly exceptional opportunity to secure a prime commercial space in one of Chicago's most desirable neighborhoods. The property is a single-tenant space within a larger building, and the total square footage of the building is not available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,155,652

  6.5%

  $1,066,756

  7%

  $990,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,474

  Geo Method

  $585,474

• Alternative Use

  Use

  Valuation

  Residential

  $1,066,756

  Hospitality

  $977,142

  Educational

  $812,971

  Medical

  $840,930

  Retail

  $1,264,622

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9437

Longitude

-87.6447

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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