Industrial-Style Duplex Down Office
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
Retail
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 5:06AM
MLS# 12665632
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 offering 2,482 total square feet across two levels with 14-foot ceilings. The main level provides an open retail-ready floor plan, a half bath, and dedicated storage. The lower level includes a full bathroom, kitchenette, laundry area, three private offices, closets, reception/lobby space, and additional storage.
The property is offered for sale in a commercial setting in Chicago, with zoning identified as COMMR. Public remarks note exceptional visibility in a high-traffic corridor, just off the highway and adjacent to a busy gas station.
Previously operated as a hair salon, the layout is described as suitable for a range of uses, including beauty/spa/salon, culinary school, co-working, creative studio, boutique retail, professional office, or client-service hybrid operations.
The property is offered for sale in a commercial setting in Chicago, with zoning identified as COMMR. Public remarks note exceptional visibility in a high-traffic corridor, just off the highway and adjacent to a busy gas station.
Previously operated as a hair salon, the layout is described as suitable for a range of uses, including beauty/spa/salon, culinary school, co-working, creative studio, boutique retail, professional office, or client-service hybrid operations.
Key Highlights
- Industrial‑style duplex down commercial condo with 2,482 total SF across two levels
- 14‑foot ceilings and central air; brick and stone exterior with concrete and wood flooring
- Main level (1,241 SF) features 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 - Duplex-down commercial condo with two levels, 14-foot ceilings, and a turnkey layout with office, reception, and storage space.
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; 14‑foot ceilings and central air; brick and stone exterior with concrete and wood flooring; Main level (1,241 SF) features an open retail‑ready floor plan, half bath, and dedicated storage room
