Single-Story Office
For Sale
Contact for pricing
Pending
1122-1126 W Bryn Mawr Ave, Chicago, IL 60660
Single-story office building with dedicated office and retail/raw space, directly adjacent to the Bryn Mawr CTA Red Line station entrance.
Property Size10,175 SF
Lot Size0.26 Acres
Days on Market188
Property Features for 1122-1126 W Bryn Mawr Ave
General Information
Standard status
Pending
Size
10,175 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Zoning
B3-5
Site & Location
Neighborhood
Edgewater
Frontage
75 ft
Road Access
Yes
Public Transit
Yes
Building Details
Buildings
1
Stories
1
Building Size
10,175 SF
Listing Agency:
SVN | Chicago - Corporate
(312) 676-1866
Listed By:
Adam Thomas · License #IL 062060446
(847) 219-6383
Source:
Moodyscre
Added: Apr 28
Changed: Oct 25
Last Checked: Nov 1 at 6:11AM
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 SVN | Chicago - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story office building sits on an 11,273 SF lot and totals 10,175 SF. The property includes approximately 5,400 SF of turnkey office space and approximately 4,775 SF of retail/raw space. The roof and HVAC are in good condition and are approximately 7 years old. For operations and service, there is rear public alley access for service and loading.
The building is directly adjacent to the Bryn Mawr CTA Red Line station entrance and is located within the National Register-listed Bryn Mawr Avenue Historic District (since 1995). The property may be eligible for Federal Historic Tax Credits on qualified rehabilitation expenditures, and it may qualify for Cook County Class L Property Tax Incentive upon final Chicago Landmark designation.
Zoned B3-5 with 5.0 FAR, the zoning allows apartments above the ground floor. A Phase I Environmental Site Assessment was completed in 2018, and an updated Phase I recommended.
The building is directly adjacent to the Bryn Mawr CTA Red Line station entrance and is located within the National Register-listed Bryn Mawr Avenue Historic District (since 1995). The property may be eligible for Federal Historic Tax Credits on qualified rehabilitation expenditures, and it may qualify for Cook County Class L Property Tax Incentive upon final Chicago Landmark designation.
Zoned B3-5 with 5.0 FAR, the zoning allows apartments above the ground floor. A Phase I Environmental Site Assessment was completed in 2018, and an updated Phase I recommended.
Key Highlights
- 10,175 SF single‑story building on an 11,273 SF lot
- ~75' of Bryn Mawr frontage directly adjacent to the CTA Red Line station entrance
- Includes ~5,400 SF turnkey office space plus ~4,775 SF retail/raw space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,769
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,815,380
$2.8M
Cap Rate 7%
$2,010,986
$2.0M
Cap Rate 9%
$1,564,100
$1.6M
Market Conditions
NOI Build-Up for 10,175 SF
Gross rent
$219.8K $21.60/SF
− Vacancy
−$18.7K −$1.84/SF
EGI
$201.1K $19.76/SF
− OpEx
−$60.3K −$5.93/SF
NOI
$140.8K $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%
$2,815,380
Cap Rate 7%
$2,010,986
Cap Rate 9%
$1,564,100
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,315 @ 7.0% cap · market cap 11.20%
Second Best
Retail
$2.01M
$1.76M – $2.35M
NOI $140,769 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,824 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with dedicated office and retail/raw space, directly adjacent to the Bryn Mawr CTA Red Line station entrance.
Where is this office building located?
The property is located at 1122-1126 W Bryn Mawr Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10,175 SF single‑story building on an 11,273 SF lot; ~75' of Bryn Mawr frontage directly adjacent to the CTA Red Line station entrance; Includes ~5,400 SF turnkey office space plus ~4,775 SF retail/raw space
