Irving Park Retail Space
For Sale
Contact for pricing
4231-4239 N Kedzie Ave, Chicago, IL
Retail space for lease in Irving Park neighborhood.
Property Size1,154 SF
Lot Size0.27 Acres
Price / SF$345.75
Days on Market857
Property Features for 4231-4239 N Kedzie Ave
General Information
Standard status
Active
Size
1,154 SF
Lot size
0.27 Acres
Property subtype
RETAIL
Listing Agency:
First Western Properties
(773) 355-4780
Listed By:
Paul Tsakiris · License #471005153
(773) 355-4780
Source:
Moodyscre
Added: Mar 28, 2024
Changed: Jul 10
Last Checked: Jul 21 at 4:38AM
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 First Western Properties
Investment Insights
Based on property information with market context.
This is an office or retail space available for lease in Irving Park. The property is located in a newer construction building. The space features an open retail floor plan, one washroom, and a utility room. It is situated directly across from AutoZone and Cermak Produce.
Key Highlights
- Office/retail space available for lease.
- Newer construction building.
- Open retail floor plan.
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 | $24.9k | $21.60 |
| − Vacancy | −$2.1k | −$1.84 |
| EGI | $22.8k | $19.76 |
| − OpEx | −$6.8k | −$5.93 |
| NOI | $16.0k | $13.83 |
1,154 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$228.1K
$199.6K – $266.1K
NOI $15,965 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.1K
$476.1K – $634.8K
NOI $38,088 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 13%
Home Improvements & Furnishings 4%
McDonald's
Dining
28,743 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,380 visits/mo
0.4 miles
Jays True Value
Home Improvements & Furnishings
1,216 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space for lease in Irving Park neighborhood.
Where is this retail space located?
The property is located at 4231-4239 N Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Office/retail space available for lease.; Newer construction building.; Open retail floor plan.
