1901 Clybourn AveChicago, IL 60614

Property Details for 1901 Clybourn Ave

Year built

1935

Lot size

0.30 AC

Property size (Sq ft)

80,900 SF

Property type

Office buildings

APN

14-32-401-017

APU

1432401017

Description

This exceptional retail space, located at 1901 N. Clybourn Avenue in Chicago's Lincoln Park neighborhood, offers 2,879 to 6,040 square feet of storefront space for lease. Situated at the northeast corner of Clybourn and Kenmore Avenues, the property boasts high visibility and exposure to approximately 12,000 vehicles per day, along with significant foot traffic. The space features a spacious interior with 14-foot ceilings and 50 feet of frontage on Clybourn Avenue, maximizing street presence. Expansive window lines provide excellent natural light and showcase the interior. The flexible layout is suitable for various uses, including retail, medical, or office spaces. Five dedicated parking spaces are available on-site, a significant advantage in this location. The property benefits from its proximity to public transportation, being within walking distance of both the Armitage Brown Line and Clybourn Red Line "L" stations. This prime location is surrounded by a thriving retail environment, with notable neighbors including Trader Joe's, Best Buy, ALDI, Chipotle, and many other popular brands. The total building size is 38,640 square feet, with 6,040 square feet currently vacant. The property is located in Cook County, Illinois, and offers a unique opportunity for businesses seeking a high-traffic, well-established retail location in a desirable Chicago neighborhood. This single-tenant space provides ample storage and is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $25,998,954

  6.5%

  $23,999,034

  7%

  $22,284,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,537,225

  Geo Method

  $10,537,225

• Alternative Use

  Use

  Valuation

  Residential

  $29,758,804

  Hospitality

  $27,258,904

  Educational

  $22,679,088

  Medical

  $23,459,056

  Retail

  $35,278,580

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9159

Longitude

-87.6559

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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