3500 Halsted StChicago, IL 60657

  • Commercial real estate
  • 0.32 AC
For Lease
$38/SF/YR View listing

Property Details for 3500 Halsted St

Year built
2000
Lot size
0.32 AC
Property type
Commercial real estate
APN
14-20-407-049
APU
1420407049

Description

This 1,686 square foot retail space, located at the corner of Halsted and Cornelia Streets in East Lakeview, is situated in a four-story mixed-use building with 25 luxury condos. Previously a fully-equipped coffee shop, the space features marble and stainless steel display counters, extensive refrigeration equipment, a triple-compartment sink, and porcelain tile "wood floors." Two ADA-compliant bathrooms and high 13-foot ceilings add to its appeal. The prominent corner location boasts 75 feet of frontage, offering excellent visibility and potential for sidewalk café seating. The property is zoned C1-2 and benefits from metered street parking and nearby surface lots. Its convenient location places it directly across from a new 71,000 square foot Howard Brown Health Center, and within three blocks of Wrigley Field, Whole Foods, and Target. Public transportation is readily accessible, with a Halsted (#8) bus stop directly in front and the Addison CTA Red Line stop just 2.5 blocks away. The building sits on a 13,791 square foot lot and is part of a larger 42,000 square foot building constructed in 2004. This exceptional opportunity is ideal for a variety of retail or restaurant concepts. Black iron ventilation is not allowed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,072,974
    Hospitality
    $4,646,818
    Educational
    $3,866,098
    Medical
    $3,999,059
    Retail
    $6,013,930

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9457
Longitude
-87.6498
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$57,027
$4,861
$252,632
$257,493
-
$19,444
$1,010,528
$1,029,972

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