5635 W Irving Park Rd, Chicago, IL
Retail and warehouse space in a thriving retail corridor.
- Added:
- Mar 28, 2025
- Days on Market:
- 444
- Last Refresh:
- May 20 at 9:36 pm
Property Features for 5635 W Irving Park Rd
General Information
- Standard status
- Active
- Size
- 3,077 SF
- Lot size
- 0.71 Acres
- Property subtype
- RETAIL
Listing agent Craig Wolf License #475163046 (847) 989-9653
Listing office Strauss Realty, Ltd. (847) 989-9653
Listing date Mar 28, 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 Strauss Realty, Ltd.
HighLights
- High traffic location: 17,400 vehicles daily on Irving Park Road.
- Mixed‑use space: 1,110 SF retail area and 2,000 SF warehouse.
- Drive‑in door and 15’ ceiling height in warehouse.
- Located in a thriving retail corridor.
- Proximity to national retailers: McDonald’s, Dairy Queen, and Dollar Tree.
- Close to Portage Park and Xsport Fitness.
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 | $66.5k | $21.60 |
| − Vacancy | −$5.6k | −$1.84 |
| EGI | $60.8k | $19.76 |
| − OpEx | −$18.2k | −$5.93 |
| NOI | $42.6k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7684
- Latitude
- 41.9529
