1015 Grand AveChicago, IL 60642

Property Details for 1015 Grand Ave

Year built

1916

Lot size

0.13 AC

Property size (Sq ft)

4,600 SF

Property type

Auto shops

APN

17-08-249-002

APU

1708249002

Description

This exceptional 8,214-square-foot flex space at 1015 W Grand Ave in Chicago's Cook County offers a unique leasing opportunity. Located in the 60642 zip code, this Class B building, constructed in 1914, provides a versatile open layout ideal for various uses. The entire space is currently vacant and available for immediate occupancy. The property's adaptable design allows for customization to suit diverse business needs, from offices to event spaces. The ample natural light creates a bright and inviting atmosphere. Parking is available, combining garage space and street parking. The property is classified as both office and industrial, offering a blend of functionality and flexibility. Its location in Chicago, Illinois, provides easy access to transportation and city amenities. This multi-tenant building presents a rare chance to secure a substantial, adaptable space in a vibrant urban setting. The open floor plan allows for creative design and efficient use of space, making it suitable for a wide range of businesses or organizations. The property's historical character adds unique charm to its modern functionality. Don't miss this opportunity to establish your business in this prime Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,173,114

  6.5%

  $2,005,952

  7%

  $1,862,669

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,509,858

  Geo Method

  $1,509,858

• Alternative Use

  Use

  Valuation

  Residential

  $1,692,095

  Hospitality

  $1,549,950

  Educational

  $1,289,540

  Medical

  $1,333,890

  Retail

  $2,005,952

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8909

Longitude

-87.653

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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