Industrial-Style Duplex
1412 W DIVISION Street Chicago, IL 60642
For Sale
$499,000
COMMERCIAL - Chicago, IL
Property Size2,482 SF
Lot Size0.06 Acres
Price / SF$201.05
Days on Market58
Property Features for 1412 W DIVISION Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active
APN
17051240591001
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
14417
Utilities
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
3
Number of units
3
Flooring type
Concrete, Wood
Building materials
Brick, Stone
Listing Agency:
America Real Estate
(773) 735-4400
Listed By:
Sonia Anaya · License #471003658
(773) 735-4400
Added: Jun 2
Changed: Jul 13
Last Checked: Jul 29 at 4:06AM
MLS# 12665242
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Industrial-style duplex-down commercial condo for sale, arranged across two levels with 14-foot ceilings and a turnkey interior layout. The main level features an open, retail-ready floor plan, a half bath, and a dedicated storage room. The lower level includes a full bathroom, kitchenette, laundry area, reception or lobby space, three private offices, two closets, and additional storage.
Public remarks note exceptional visibility in a high-traffic Bucktown location, just off the highway, adjacent to a busy gas station.
The property is described as formerly operated as a hair salon, and public remarks indicate it is suited for a range of uses including beauty or spa or salon, culinary school, co-working, creative studio, boutique retail, professional office, or a client-service hybrid operation. Zoning is listed as COMMR, with public remarks referencing B3-2 (Commercial/Mixed-Use).
Public remarks note exceptional visibility in a high-traffic Bucktown location, just off the highway, adjacent to a busy gas station.
The property is described as formerly operated as a hair salon, and public remarks indicate it is suited for a range of uses including beauty or spa or salon, culinary school, co-working, creative studio, boutique retail, professional office, or a client-service hybrid operation. Zoning is listed as COMMR, with public remarks referencing B3-2 (Commercial/Mixed-Use).
Key Highlights
- Industrial‑style duplex‑down commercial condo with 2,482 total SF across two levels (1,241 SF per level)
- 14‑foot ceilings with central air; construction materials include brick and stone
- Main level offers an open retail‑ready floor plan, half bath, and dedicated storage room
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $21.60 |
| − Vacancy | −$4.6k | −$1.84 |
| EGI | $49.1k | $19.76 |
| − OpEx | −$14.7k | −$5.93 |
| NOI | $34.3k | $13.83 |
2,482 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$760.8K
$665.7K – $887.6K
NOI $53,254 @ 7.0% cap · market cap 10.67%
Second Best
Retail
$490.5K
$429.2K – $572.3K
NOI $34,338 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,918 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-level commercial condo with 14-foot ceilings, turnkey interior, and multiple workspaces, reception, and restrooms.
Where is this office units located?
The property is located at 1412 W DIVISION Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Industrial‑style duplex‑down commercial condo with 2,482 total SF across two levels (1,241 SF per level); 14‑foot ceilings with central air; construction materials include brick and stone; Main level offers an open retail‑ready floor plan, half bath, and dedicated storage room
