4634 Western AveChicago, IL 60625

Property Details for 4634 Western Ave

Year built

1918

Lot size

0.17 AC

Property size (Sq ft)

3,800 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

13-13-211-034

APU

1313211034

Description

This exceptional retail property, located at 4634 North Western Avenue, offers a fantastic opportunity for businesses seeking high visibility and a prime location. The newly developed multi-tenant building boasts a total of 4,634 square feet, with two available spaces of 1,100 square feet each, which can be combined to create a larger footprint. This location benefits from exceptional visibility on Western Avenue, a major thoroughfare with a high volume of daily traffic (16,800 vehicles per day). Its proximity to the CTA Brown Line provides convenient access for customers and employees via public transportation. The surrounding area is vibrant and features a strong mix of established businesses, including Walgreens, Potbelly Sandwich Shop, Jimmy John's, the Chicago Athletic Club, and Orangetheory Fitness, creating a synergistic retail environment. The high average household income within a one-mile radius ($103,737) indicates a strong consumer base with significant purchasing power. The property's convenient location near fitness clubs and restaurants further enhances its appeal and provides additional foot traffic. This is an ideal opportunity for businesses seeking a thriving location with excellent visibility and access to a high-income demographic. The flexible space options allow for customization to suit various business needs. Don't miss this chance to establish your business in a dynamic and desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,390

  6.5%

  $1,309,283

  7%

  $1,215,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $767,172

  Geo Method

  $767,172

• Alternative Use

  Use

  Valuation

  Residential

  $1,309,283

  Hospitality

  $1,199,296

  Educational

  $997,800

  Medical

  $1,032,116

  Retail

  $1,552,134

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9659

Longitude

-87.6892

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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