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    Retail Property in Chicago, IL Title is generated by Realmo AI

    1028 Argyle St, Chicago, IL

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    Retail property available for sale in Chicago, Illinois.

    Type:RETAIL
    Property size:
    18,750 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $234/SF
    Added:
    May 21, 2025
    Days on Market:
    387
    Last Refresh:
    May 20 at 9:42 pm

    Property Features for 1028 Argyle St

    General Information

    Standard status
    Active
    Size
    18,750 SF
    Lot size
    0.43 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Tuyen Nguyen
    Tuyen Nguyen

    Listing agent Tuyen Nguyen License #471006001

    Listing office CRER

    Listing date May 21, 2025

    Source Moodyscre

    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 CRER

    HighLights

    • Retail property for sale.
    • Located in Chicago, Illinois.

    Overview

    This retail property, located at 1028 Argyle St in Chicago, Illinois, offers 18,750 square feet of space. The property is suitable for retail and other retail purposes.

    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 $405.0k $21.60
    − Vacancy −$34.4k −$1.84
    EGI $370.6k $19.76
    − OpEx −$111.2k −$5.93
    NOI $259.4k $13.83
    18,750 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.71M
    $3.24M – $4.32M (±1% cap)
    NOI $259,402 @ 7.0% cap · market cap 5.90%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.84M
    $7.74M – $10.31M (±1% cap)
    NOI $618,840 @ 7.0% cap · market cap 14.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duc-Hung Video Inc Electronics & Wireless Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6562
    Latitude
    41.9735

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Chicago, Illinois.
    Where is this retail property located?
    The property is located at 1028 Argyle St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,399,000.
    What are key features of this property?
    This property features: Retail property for sale.; Located in Chicago, Illinois.
    (773) 879-0713 Call to check price and availability
    More about this property
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