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    833 W Chicago Ave Chicago, IL 60642

    New
    For Sale
    $7,900,000

    Commercial Sale - Chicago, IL

    Property size:
    40,000 SF
    Days on Market:
    3
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 833 W Chicago Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    17082090050000
    Size
    40,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1909
    Number of units
    47
    Roof type
    Rubber
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Dec 5, 2025

    MLS# 12335265 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Loft Building with Retail

    Located in Chicago's Northwest Loop/River North, this six-story brick loft timber building combines historical charm with modern functionality. The building features a passenger elevator, 13' and 12' ceiling heights, and original exposed brick walls. Each floor includes two sets of large male and female bathrooms, along with two wide staircases on the east and northwest sides. Exposed heat and AC ceiling ducts and large windows provide natural light. A sprinkler system was installed in 2009. The buildings at 833-843 Chicago Ave. are 3-story height. The property is minutes from Chicago's Loop, Magnificent Mile/Michigan Ave., major roads, interstate, and bus stops, and is within a short distance of the train station. It has three rooftop furnaces, installed in 2020 and 2010. Located in the downtown service district, with DS 5 zoning, the area is experiencing continued growth. The property is currently about 80% occupied, providing immediate stable income with value-add potential. The street-level 10,000 sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.
    Location Intelligence

    Current Use by Public Records

    SRG Management Firm Business Management Consultant Eggholic - Indian Veg ... Indian Restaurant Eliades Law, PLLC Consultant Lovely Heart Home ... Nursing Agency The Pilates Loft of Chicago Pilates Studio

    Suggested Use

    Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.64903
    Latitude
    41.896317

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    FAQs

    What type of property is this?
    Retail space - Six-story loft building with retail and multifamily potential.
    Where is this retail space located?
    The property is located at 833 W Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: - Prime location in Chicago's Northwest Loop/River North, near transportation, the Loop, and Magnificent Mile.; - Stable income from established retail space and 80% occupancy, with value-add potential.; - Historic brick loft building with **13' and 12' ceilings, exposed brick, and large windows.**
    (773) 465-4200
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    833 W Chicago Ave Chicago, IL 60642
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    Chicago, IL 60642
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    Realmo Value Estimation

    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.

    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.

    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
    833 W Chicago Ave Chicago, IL 60642
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