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    Marcus Sullivan, Chicago, IL

    License ID: 475139568
    Sperry Van Ness
    Association
    Northern Illinois Commercial Assoc Of Realtors

    Service Locations

    Contact details

    Phone:
    (312) 756-7357
    Office Address:
    940 W Adams St Ste 200, Chicago, IL, 60607

    Performance

    Listings
    59

    Listings

    For Sale (18)

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    • $195,000

      Lincoln Square Bar & Grill

      Established bar and grill in Chicago's Lincoln Square neighborhood.
      Confidential Bar & Grill, Chicago, IL 60625
      View Details
    • $195,000

      Turnkey Restaurant in Prime Location

      Fully built-out restaurant in a vibrant Chicago neighborhood.
      1001 N California Ave, Chicago, IL 60622
      View Details
    • $1,975,000

      West Town Corner Commercial Building

      Two-story commercial building with restaurant and office space.
      1422-1424 West Chicago Ave, Chicago, IL 60642
      View Details
    • $295,000
      3,323 SF

      Established Tavern in Humboldt Park

      Turn-key tavern with licenses, long-term lease, and loyal customer base.
      1002 North California Ave, Chicago, IL 60622
      View Details
    • $75,000
      2,000 SF

      Turnkey Restaurant in Pilsen

      Fully equipped restaurant in a rapidly growing Chicago neighborhood.
      1659 West 21St St, Chicago, IL 60608
      View Details
    • $715,000
      10,257 SF

      Corner Parcel in West Ridge

      10,257 sq ft corner parcel in Chicago's West Ridge.
      2434 West Bryn Mawr Ave, Chicago, IL 60659
      View Details
    • $525,000
      3,050 SF

      East Garfield Park Mixed-Use Building

      Mixed-use building with tavern and residential unit in Chicago.
      3500 W Lake St, Chicago, IL 60624
      View Details
    • Contact for pricing
      1,660 SF

      Retail Storefront in Andersonville

      1660 SF retail storefront in Chicago's Andersonville neighborhood.
      5008 N Lincoln Ave, Chicago, IL 60625
      View Details
    • $715,000

      Corner Parcel in West Ridge

      10,257 SF corner parcel in Chicago's West Ridge neighborhood.
      2426 W Bryn Mawr Ave, Chicago, IL 60659
      View Details
    • $175,000
      3,000 SF

      Wicker Park Tavern Opportunity

      3,000 SF tavern with licenses in Wicker Park.
      2025 W Avenue N, Chicago, IL 01450
      View Details
    • $125,000

      West Town Restaurant & Bar

      Second-generation restaurant and bar in Chicago's vibrant West Town.
      2109 W Chicago Ave, Chicago, IL 60622
      View Details
    • $125,000

      West Town Restaurant & Bar

      Turnkey restaurant and bar opportunity in Chicago's West Town.
      2109 W Chicago Ave, Chicago, IL 60622
      View Details
    • Contact for pricing

      Restaurant Spaces in South Loop

      Restaurant-ready spaces with existing infrastructure and parking in Chicago's South Loop.
      1900 S State St, Chicago, IL 60616
      View Details
    • $125,000

      West Town Restaurant & Bar

      Two-level restaurant and bar with outdoor patio in West Town.
      2109 W Chicago Ave, Chicago, IL 60622
      View Details
    • $1,275,000

      Logan Square Mixed-Use Building

      Three-unit mixed-use building with established tavern in Logan Square.
      3425 W Fullerton Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Restaurant Spaces in South Loop

      Two restaurant-ready spaces available in Chicago's vibrant South Loop.
      1900 S State St, Chicago, IL 60616
      View Details
    • $1,275,000

      Logan Square Mixed-Use Building

      Three-unit mixed-use building with established tavern in Logan Square.
      3425 W Fullerton Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Humboldt Park Corner Lot Opportunity

      Corner lot with redevelopment potential in vibrant Humboldt Park.
      958 N California Ave, Chicago, IL 60622
      View Details

    For Lease (41)

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    • Contact for pricing

      Restaurant Space in Prime Location

      Modern restaurant space with high visibility and convenient access.
      1110 Willow Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing

      Lincoln Square Restaurant Space Available

      1,800 SF restaurant space in Chicago's Lincoln Square.
      4539 N Lincoln Ave, Chicago, IL 60625
      View Details
    • $25 SF/Yr

      Versatile Commercial Space in Chicago

      2,700 SF commercial space in Chicago's North Branch neighborhood.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $20 SF/Yr

      Bucktown Retail and Office Space

      Versatile retail, office, and commercial space in prime Bucktown location.
      2157 N Damen Ave, Chicago, IL 60647
      View Details
    • $18 SF/Yr

      Bucktown Finished Office Space Available

      Finished office space in Bucktown with highway access and parking.
      2157 N Damen Ave, Chicago, IL 60647
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern loft office in trendy Goose Island location for rent.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern, customizable loft office in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern, customizable office space in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Loft office space in trendy Goose Island location for rent.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Modern Loft Office Space Available

      Loft office space in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Loft Office Space on Goose Island

      Modern, customizable loft office space in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern loft office space in trendy Goose Island location.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $30 SF/Yr

      Timber Loft Flex Space Available

      3,100 SF flex space in timber loft building.
      1229 North Branch St, Chicago, IL 60642
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    • $24 SF/Yr

      Bucktown Retail or Office Space

      Retail or office space with open floor plan and natural light.
      2113 W Armitage Ave, Chicago, IL 60647
      View Details
    • $2,950 /Mo
      7,673 SF

      West Town Retail Space Available

      Versatile 1,815 SF retail space in vibrant West Town.
      2006 W Chicago Ave, Chicago, IL 60622
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    • $35 SF/Yr
      8,077 SF

      Renovated Restaurant Space Near Red Line

      Newly renovated restaurant space with outdoor patio near Thorndale station.
      1100 W Thorndale Ave, Chicago, IL 60660
      View Details
    • $13,000 /Mo

      Evanston Restaurant Opportunity For Lease

      Restaurant or business opportunity in Evanston's desirable Central Street corridor.
      2945 Central St, Evanston, IL 60201
      View Details
    • $28 SF/Yr
      372 SF

      Modern Loft Office Space

      Loft-style office building with flexible zoning and easy transit access.
      1229 N Br St, Chicago, IL
      View Details
    • $15 SF/Yr
      3,817 SF

      Retail Space Near Hotel Amenities

      Retail space with growth potential near hotel amenities.
      1110 Willow Rd, Northbrook, IL
      View Details
    • $35 SF/Yr
      1,400 SF

      Retail Space in Chicago

      Prime retail location with flexible lease terms in Chicago.
      1321-1331 W Taylor St, Chicago, IL 60607
      View Details
    • $26 SF/Yr
      4,200 SF

      West Loop Retail/Restaurant Space

      Prime Chicago location with flexible layout and restaurant infrastructure.
      306-308 S Halsted St, Chicago, IL 60661
      View Details
    • Contact for pricing
      3,000 SF

      Chicago Retail Space For Rent

      Prime Chicago retail space with flexible floor plan.
      4614-4628 N Lincoln Ave, Chicago, IL 60625
      View Details
    • $35 SF/Yr
      1,733 SF

      Renovated Retail Spaces Near Thorndale

      Newly renovated retail spaces near Thorndale Red Line Station.
      1100-1112 W Thorndale Ave, Chicago, IL 60660
      View Details
    • Contact for pricing
      4,112 SF

      Restaurant Space in Highland Park

      Restaurant space available for rent in thriving north suburban market.
      565 Roger Williams Ave, Highland Park, IL 60035
      View Details
    • $25 SF/Yr
      1,235 SF

      Versatile Retail Space Available

      1,235 SF retail space with high ceilings and natural light.
      1654 W Cortland St, Chicago, IL 60622
      View Details
    • $22 SF/Yr

      Bucktown Mixed-Use Retail/Office Space

      Versatile retail and office spaces in a prime Bucktown location.
      2157 N Damen Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Prime Retail Space in Gold Coast

      1,452 SF retail space in Chicago's Gold Coast neighborhood.
      111 E Chestnut St, Chicago, IL 60611
      View Details
    • $45 SF/Yr

      Prime Old Town Retail Space

      805 SF commercial space in Chicago's vibrant Old Town.
      409 W North Ave, Chicago, IL 60610
      View Details
    • $2,500 /Mo

      Bronzeville Commercial Space Available

      760 SF commercial space in the heart of Bronzeville.
      215 E 31St St, Chicago, IL 60616
      View Details
    • $65 SF/Yr

      Gold Coast Retail Condo For Lease

      1,496 SF retail condo in Chicago's Gold Coast.
      111 E Chestnut St, Chicago, IL 60611
      View Details
    • $35 SF/Yr

      Humboldt Park Restaurant Space

      Turnkey restaurant space with outdoor seating in Humboldt Park.
      2759 W Augusta Blvd, Chicago, IL 60622
      View Details
    • $28 SF/Yr

      West Town Restaurant & Bar

      Second-generation restaurant and bar space in Chicago's vibrant West Town.
      2109 W Chicago Ave, Chicago, IL 60622
      View Details
    • $40 SF/Yr

      Bronzeville Commercial Condo For Lease

      Commercial condo in Bronzeville available for lease with open layout.
      215 E 31St St, Chicago, IL 60616
      View Details
    • $45 SF/Yr

      Old Town Commercial Space Available

      805 SF commercial space in Chicago's Old Town.
      409 W North Ave, Chicago, IL 60610
      View Details
    • $45 SF/Yr

      Prime Old Town Commercial Space

      805 SF commercial space in Chicago's vibrant Old Town.
      409 W North Ave, Chicago, IL 60610
      View Details
    • $35 SF/Yr

      Humboldt Park Restaurant Space

      Turnkey restaurant space in Chicago's vibrant Humboldt Park neighborhood.
      2759 W Augusta Blvd, Chicago, IL 60622
      View Details
    • Contact for pricing

      Prime Gold Coast Retail Space

      1,452 SF retail space in Chicago's Gold Coast.
      111 E Chestnut St, Chicago, IL 60611
      View Details
    • $2,500 /Mo

      Bronzeville Commercial Space For Rent

      760 SF commercial space in the heart of Bronzeville.
      215 E 31St St, Chicago, IL 60616
      View Details
    • $35 SF/Yr

      Humboldt Park Corner Restaurant Space

      Turnkey restaurant space in Chicago's vibrant Humboldt Park neighborhood.
      2759 W Augusta Blvd, Chicago, IL 60622
      View Details
    • Contact for pricing

      2956 N Sheffield Ave, Chicago, IL 60657

      Restaurants
      2956 N Sheffield Ave, Chicago, IL 60657
      View Details
    • Contact for pricing

      West Loop Restaurant Space Available

      Turnkey restaurant space in Chicago's vibrant West Loop neighborhood.
      310 S Halsted St, Chicago, IL 60661
      View Details

    Leases and Sales on Map

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    Marcus Sullivan, Chicago, IL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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