Listing Agency: Compass Show Phone

Listed By: Svitlana Creadon · License #475170189 Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 10 Last Checked: Oct 10 at 2:12AM

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Investment Insights

Based on property information with market context.

Located at 2252 W. Chicago Avenue in Ukrainian Village, this ground-floor storefront contains approximately 1,200 square feet. Delivery is planned in vanilla-box condition, leaving the interior ready for a new business layout. The property sits on an extra-wide lot along a commercial corridor, with residential streets nearby. A blueprint can be provided upon request.

Key Highlights

• Approximately 1,200 square feet of ground‑floor storefront space
• Planned vanilla‑box delivery
• Extra‑wide lot on W. Chicago Avenue in Ukrainian Village

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,602

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,040 $332.0K

Cap Rate 7%

$237,171 $237.2K

Cap Rate 9%

$184,467 $184.5K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$25.9K $21.60/SF

− Vacancy

−$2.2K −$1.84/SF

EGI

$23.7K $19.76/SF

− OpEx

−$7.1K −$5.93/SF

NOI

$16.6K $13.83/SF

Area

Chicago, IL

Vacancy

8.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,040

Cap Rate 7%

$237,171

Cap Rate 9%

$184,467

Alternative Uses

Best Use

Retail

$237.2K

$207.5K – $276.7K (±1% cap)

NOI $16,602 @ 7.0% cap · market cap 4.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$565.8K

$495.1K – $660.1K (±1% cap)

NOI $39,606 @ 7.0% cap · market cap 11.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Auto Parts Store Tattoo & Piercing Shop Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26,262

Businesses Nearby

682k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Apparel 22% Hotels & Casinos 13% Shops & Services 6%

Nordstrom Apparel

136,729 visits/mo 0.4 miles

Starbucks Dining

132,317 visits/mo 0.3 miles

McDonald's Dining

65,567 visits/mo 0.2 miles

McDonald's Dining

52,443 visits/mo 0.2 miles

Fogo de Chao Dining

28,749 visits/mo 0.2 miles

Demographics for 60622, IL

55,075

Population

27,630

Households

2

Avg Household Size

33

Median Age

73%

College-Educated

94%

High-School Grad

2.5 sq mi

ZIP Area

22,030

Density / Sq Mi

$124,852

Median Household Income

$76,180

Median Earnings

$1,932

Median Rent

$622,900

Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - The ground-level commercial space offers a flexible starting point for a neighborhood-serving business.

Where is this storefront property located?

The property is located at 1-2252 W Chicago Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Approximately 1,200 square feet of ground‑floor storefront space; Planned vanilla‑box delivery; Extra‑wide lot on W. Chicago Avenue in Ukrainian Village