2706 Halsted StChicago, IL 60614

Property Details for 2706 Halsted St

Year built

1999

Lot size

0.32 AC

Property type

Retail space

APN

14-29-407-099

APU

1429407099

Description

This exceptional 1,500 square-foot medical or retail space is situated on the ground floor of a modern five-story, 54-unit condo building in Chicago's vibrant Lincoln Park neighborhood. The suite boasts a 10-foot ceiling height and is part of a larger 7,600 square-foot building with a total of 54 suites. The property is conveniently located in the heart of the Lincoln Park/East Lakeview commercial district, surrounded by a high-density population of over 100,000 affluent residents within a one-mile radius. Its strategic location is just one block south of Diversey Parkway, two blocks west of the Clark/Broadway/Diversey intersection, and a short 0.3-mile walk to the Diversey CTA station. This ensures excellent accessibility and high visibility. Nearby amenities include a Fresh Market, Home Depot, Guitar Center, Walgreens, Trader Joe's, Urban Outfitters, and numerous local restaurants and businesses. The property is zoned B3-2 and has a Property Identification Number (APN) of 14-29-407-099-0000. The building offers six parking spaces. Property taxes are $9.24 per square foot. This Class B property presents a unique opportunity for a variety of businesses seeking a high-traffic location in a thriving community. The space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $6,613,826

  6.5%

  $6,105,070

  7%

  $5,668,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,595,220

  Geo Method

  $4,595,220

• Alternative Use

  Use

  Valuation

  Residential

  $5,149,854

  Hospitality

  $4,717,239

  Educational

  $3,924,688

  Medical

  $4,059,664

  Retail

  $6,105,070

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9316

Longitude

-87.6493

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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