1806-1808 N Damen Ave, Chicago, IL
Commercial condo built out as a high-end spa.
- Added:
- Dec 13, 2023
- Days on Market:
- 912
- Last Refresh:
- May 19 at 10:43 pm
Property Features for 1806-1808 N Damen Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.47 Acres
- Property subtype
- RETAIL
Listing agent Barry Kadish License #475148869 (312) 502-5297
Listing office Jameson Commercial (312) 502-5297
Listing date Dec 13, 2023
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 Jameson Commercial
HighLights
- High‑end spa build‑out featuring a reception, consultation area, and wrap‑around counters.
- Prime location with architectural exterior, floor‑to‑ceiling windows, and excellent signage.
- Five treatment rooms, including two with marble showers.
- Includes ADA‑compliant washrooms, multiple storage rooms, washer/dryers, custom cabinetry, and a private office.
- Total of 2,700 SF of space.
- Option to expand with adjacent 1,300 SF space at 1804 N. Damen (for sale or lease).
Overview
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 | $86.4k | $21.60 |
| − Vacancy | −$7.3k | −$1.84 |
| EGI | $79.1k | $19.76 |
| − OpEx | −$23.7k | −$5.93 |
| NOI | $55.3k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6725
- Latitude
- 41.8384
