1445 W Chicago Avenue, Chicago, IL 60642
COMMERCIAL - Chicago, IL
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 1445 W Chicago Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Property condition
- Under Construction
- Zoning
- COMMR
- Standard status
- Active
- APN
- 17081010000000
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 4
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Block, Glass
Listing agent Karen Biazar License #471003309 (773) 252-0600
Listing office North Clybourn Group, Inc. 2324 W North Ave, Chicago, IL (773) 252-0600
Listing date Jun 24, 2026
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.
HighLights
- 18‑unit new construction elevator building under construction, delivery planned for Summer 2026
- Corner location at the intersection of Chicago Ave and Bishop in Chicago’s West Town neighborhood
- 3700 total square footage with B1‑2 zoning mentioned in listing remarks
- Opportunity to purchase 6 offer street parking spaces, with potential up to 12
- Construction materials include brick, block, and glass
- Central air cooling; natural gas available
Overview
The property is located at the intersection of Chicago Ave and Bishop, and is marketed as part of the booming West Town neighborhood. The building’s elevator configuration supports accessibility for both customers and daily operations.
For retailers or investors seeking a modern street-level presence, the corner configuration and new construction timing may be particularly important. The listing describes the asset as an opportunity under B1-2 zoning, and the provided zoning classification is COMMR. Prospective tenants and buyers can also evaluate the parking plan described in the remarks, including the option to purchase six street parking spaces with the potential to reach up to 12. Overall, this is a leasing or acquisition candidate designed for an operator that values a new, visible storefront within an elevator-served mixed-use building.
Local 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 | $79.9k | $21.60 |
| − Vacancy | −$6.8k | −$1.84 |
| EGI | $73.1k | $19.76 |
| − OpEx | −$21.9k | −$5.93 |
| NOI | $51.2k | $13.83 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Flower Firm — 1945 W Fulton St, Chicago, IL 60612
- Italian Court Flowers, Inc. — 2021 W Fulton St, Chicago, IL 60612
- Floral Creations — Chicago, IL 60607
- The Flower Hustler — 2000 W Carroll Ave, Chicago, IL 60612
- Oliver Dogwood Floral Co — 212 N Sangamon St # 1B, Chicago, IL 60607
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6642975
- Latitude
- 41.8958506
