Flex Space with
For Sale
$200,000
10050 S Ewing Avenue, Chicago, IL 60617
Storefront, workshop, and garage areas provide distinct spaces for commercial operations.
Property Size2,460 SF
Price / SF$81.30
Days on Market327
Property Features for 10050 S Ewing Avenue
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Neighborhood
East Side
Taxes and HOA fees
Annual Taxes
$9,014
Amenities
storefront
warehouse
workshop
full bathroom
heavy-load elevator
11 ft ceilings
13 ft ceilings in garage
Building Details
Building Size
2,460 SF
Year Built
1935
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Inspire
Listed By:
Rudolph Johnson · License #475139695
(630) 262-9500
Source:
Fishmangroup
Added: Dec 1, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Inspire
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Investment Insights
Based on property information with market context.
Built in 1935, this single-story flex property at 10050 S Ewing Avenue in Chicago combines a storefront with warehouse and workshop areas, a full bathroom, and an attached garage. The building contains 2,460 square feet, with an additional 1,800-square-foot basement accessible by a heavy-load elevator. Ceiling heights are 11 feet in the main building and 13 feet in the garage.
The property is within sight of the Skyway and is located in a TIF district. Its layout brings customer-facing space, work areas, and lower-level storage together in one commercial building.
The property is within sight of the Skyway and is located in a TIF district. Its layout brings customer-facing space, work areas, and lower-level storage together in one commercial building.
Key Highlights
- 2,460‑square‑foot building with an 1,800‑square‑foot basement
- Heavy‑load elevator provides access to the basement
- 11‑foot ceilings in the main building; 13‑foot ceilings in the garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,427
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,540
$308.5K
Cap Rate 7%
$220,386
$220.4K
Cap Rate 9%
$171,411
$171.4K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$23.2K $9.43/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$22.0K $8.96/SF
− OpEx
−$6.6K −$2.69/SF
NOI
$15.4K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,540
Cap Rate 7%
$220,386
Cap Rate 9%
$171,411
Alternative Uses
Best Use
Retail
$486.2K
$425.4K – $567.2K
NOI $34,034 @ 7.0% cap · market cap 17.02%
Second Best
Flex RnD
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 14.20%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,192 @ 7.0% cap · market cap 40.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60617, IL
77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Chicago, IL
Frequently Asked Questions
What type of property is this?
Flex space - Storefront, workshop, and garage areas provide distinct spaces for commercial operations.
Where is this flex space located?
The property is located at 10050 S Ewing Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,460‑square‑foot building with an 1,800‑square‑foot basement; Heavy‑load elevator provides access to the basement; 11‑foot ceilings in the main building; 13‑foot ceilings in the garage
