PerchChicago
Board detail · Permit #IL00480
CScore 64/100
top 31% citywide

IL 50 billboard — Garfield Ridge

Average site — traffic or visibility is middling. Compare against nearby alternatives.

#23 of 33 boards in Garfield Ridge by score

Canal Bank Drive, Garfield Ridge, Chicago
3 faces on this structure. Permits: #016-39103, #016-39104, #IL00480

For context: many commercial real estate investors target cap rates in the 5–8% range. This board's modeled 16.7% is above that band — not a substitute for your own diligence, but a starting comparison.

Street View ↗
We don't have photos yet; this is the closest thing to one.

The pin is the GPS point on this board's IDOT permit, so the street address is approximate and the sign may sit a little off from it. A permit can also stay on file after a sign comes down. Tip: choose See more dates in Street View to check earlier images. Don't see it? Tell us.

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Location
NeighborhoodGarfield Ridge ↗
RouteIL 50
Nearest roadCicero Ave
Nearby billboards8 within 0.25 mi
Report card
Traffic
B
47,900 vehicles a day
Visibility
C
route type and distance to the road
Audience
F
area income and population
Value
C
$6.98 per 1,000 views vs. $7 benchmark
Competition
D
8 other structures within 0.25 mi (A means uncluttered)

The overall grade blends traffic, visibility, and audience. Value and competition are extra lenses and are not in the overall score. See Methodology.

Site quality
Traffic score
79/100
Visibility score
66/100
Demo fit score
28/100

Composite 64 = traffic 43.5 (55%) + visibility 13.2 (20%) + demo fit 7 (25%).

Who sees it
Vehicles passing daily47,900 (2025)
Est. monthly reach~1,038,000
Area income$69,491 · 44th pctl
Area population1,250 · 3rd pctl

Reach is a modeled vehicle-pass estimate (traffic × visibility), not a verified impressions count. Income/population are for the Census tract this board sits in — percentile is rank among all Chicago tracts in this dataset (higher = wealthier/denser).

The money
Perch Estimate / month
$6,500–$7,500
Perch Estimate / year
$87,000
Effective CPM
$6.98
Modeled valuation
~$522,000
Est. cap rate
16.7%
Payback period
~6 yrs
Permit
#IL00480

Revenue modeled from traffic × visibility at a $7 CPM (cost per 1,000 impressions/month — the standard way outdoor ad space is priced) benchmark, clamped to real Chicago market ranges by road type (source: public OOH rate data, see Methodology). Valuation assumes a 6× annual-revenue multiple (rough rule of thumb, not a real appraisal or listing).

Effective CPM works out to $6.98 per 1,000 modeled monthly views, vs. the $7 Chicago benchmark — at model benchmark — fairly priced.

Value history

Tracking started here — check back after future data updates to see how this board's estimate moves.

2026-09-18C64$6,500–$7,500
View this billboard on the interactive map →

Data as of September 2026