Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1840 N Damen Ave, Unit 1S Chicago, IL 60647

    Sponsored
    Picture of Storefront properties at N Damen Ave 1840, Chicago, IL
    For Lease
    Contact for pricing

    COMMERCIAL - Chicago, IL

    Type:Retail
    Days on Market:
    75
    Last Refresh:
    Feb 1 at 12:06 pm

    Property Features for 1840 N Damen Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Brad Soltwisch

    Dream Town Realty (312) 265-8000

    Listing agent Brad Soltwisch (312) 841-1989

    Listing date Nov 19, 2025

    MLS# 12517059

    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.

    Learn more

    Property Insight Report

    Overview

    Bucktown Storefront on Damen Avenue

    This commercial storefront is located on Damen Avenue in the heart of Bucktown, Chicago, steps from the 606 trail. The 1,000-square-foot space is suitable for a variety of uses and features large storefront windows and 14-foot ceilings, providing great signage exposure. It is delivered as a vanilla box and is situated next to many other retail shops and restaurants. The property is available now. The Triple Net Lease offering includes 2024 CAMS, 2023 taxes of $20,270.40 x 45.45% = $9,212.89 ($767.74/month), and common insurance (2024) of $1,786.26 x 45.45% = $811.85 ($67.65/month). Utilities are separate, with water metered every two months. Total CAMS is $10,024.74 ($835.39/month). Base rent is $35.00 per square foot, totaling $35,000 annually or $2,916.66 monthly. The total monthly rent, including CAMS, is $3,752.05.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    bou•K, Flowerlife, Inc., Fleur de l’Amour LLC, A Tree Grows In Brooklyn, Linda's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.677638
    Latitude
    41.915287

    Nearby Similar for Lease

    • Contact for pricing
      6,970 SF

      Distinctive South Loop Commercial Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • Contact for pricing

      Modern Office Building with Rooftop

      Newly constructed office building with rooftop retreat in Chicago.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • Contact for pricing

      Prime Retail Space on North Avenue

      High-visibility commercial condo in Wicker Park, Chicago.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • Contact for pricing

      Pilsen Retail Storefront on 18th

      Premier 1,500 SF retail space in historic Pilsen corridor.
      1102 W 18Th St, Chicago, IL 60608
      View Details
    • Contact for pricing
      39,204 SF

      Pulaski Road Retail Opportunity

      Double storefront on highly traveled Pulaski Road. Many possibilities!
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details
    • Contact for pricing

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • Contact for pricing

      Remodeled Office/Retail Space in Chicago

      Remodeled 800 SF ground floor unit in Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • Contact for pricing
      2,614 SF

      Chicago Office Space For Rent

      1,959 SF office space on Pulaski Rd, Chicago.
      6959 S Pulaski Ave, Chicago, IL 60629
      View Details
    • Contact for pricing

      Southport Corridor Retail Space Available

      Bright retail space in Chicago's Southport Corridor, near Blaine Elementary.
      3827 N Southport Ave, Chicago, IL 60613
      View Details
    • Contact for pricing
      7,405 SF

      South Shore Redevelopment Opportunity

      Redevelopment opportunity in high-traffic South Shore community.
      7141 S Jeffery Blvd, Chicago, IL 60649
      View Details
    • Contact for pricing

      West Loop Timber Loft Office

      Turnkey office space with flexible live/work potential in Chicago.
      1327 W Washington Blvd, Chicago, IL 60607
      View Details
    • Contact for pricing

      Versatile Commercial Space in Bronzeville

      17,749 SF commercial space in Chicago's transforming Bronzeville neighborhood.
      5010 S State St, Chicago, IL 60609
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime retail space in Bucktown, steps from the 606 trail.
    Where is this storefront property located?
    The property is located at 1840 N Damen Ave, Unit 1S Chicago, IL.
    What are key features of this property?
    This property features: - Prime Bucktown location on Damen Avenue, steps from the 606.; - Versatile 1,000 sq ft commercial storefront suitable for various uses.; - High visibility with **large storefront windows** and excellent signage exposure.
    (312) 265-8000
    Request Owner's contact information
    1840 N Damen Ave, Unit 1S Chicago, IL 60647
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1840 N Damen Ave, Unit 1S
    Chicago, IL 60647
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1840 N Damen Ave, Unit 1S Chicago, IL 60647
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brad Soltwisch
    Real Estate License ID: 475155107
    (312) 265-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.