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Prime Retail Location in Chicago

1208 W Washburne Ave, Chicago, IL

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For Sale

Contact for pricing

High-performing pharmacy in a strategic location near medical district.

Type:RETAIL

Property size:

14,033 SF

Lot size:

0.60 Acres

Price / SF:

$221/SF

HighLights

Irreplaceable location between medical district & university
Top performing store, in the top 11% in the State of Illinois
3‑mile demographics boast $153K+ AHHI & 451K residents
Dominant pharmacy brand, 8x value of Walgreens
100% depreciation leasehold position

We can help!

Listing Contact

Isaiah Harf

For Sale

Contact for pricing

High-performing pharmacy in a strategic location near medical district.

Type:RETAIL

Property size:

14,033 SF

Lot size:

0.60 Acres

Price / SF:

$221/SF

Added:: Oct 27, 2025
Days on Market:: 227
Last Refresh:: May 19 at 9:43 pm

Property Features for 1208 W Washburne Ave

General Information

Standard status: Active
Size: 14,033 SF
Lot size: 0.60 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Isaiah Harf

Listing agent Chad Owens License #471019332

Listing office Northmarq | Chicago (East Wacker Dr)

Listing date Oct 27, 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 Northmarq | Chicago (East Wacker Dr)

HighLights

Irreplaceable location between medical district & university
Top performing store, in the top 11% in the State of Illinois
3‑mile demographics boast $153K+ AHHI & 451K residents
Dominant pharmacy brand, 8x value of Walgreens
100% depreciation leasehold position

Overview

This retail property, currently operating as a dominant pharmacy brand, is situated in an irreplaceable location between a medical district and a university. The property size is 14,033 square feet. It is located in Chicago, Illinois. The surrounding area boasts favorable demographics, including an average household income exceeding $153,000 and a residential population of over 451,000 within a 3-mile radius. The pharmacy is a top-performing store, ranking in the top 11% in the state of Illinois. The property benefits from a 100% depreciation leasehold position.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$370.5k	$26.40
− Vacancy	−$22.2k	−$1.58
EGI	$348.2k	$24.82
− OpEx	−$87.1k	−$6.20
NOI	$261.2k	$18.61

14,033 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$3.73M

$3.26M – $4.35M (±1% cap)

NOI $261,182 @ 7.0% cap · market cap 8.39%

Second Best

Retail

$2.77M

$2.43M – $3.24M (±1% cap)

NOI $194,144 @ 7.0% cap · market cap 6.24%

Theoretical Best

Office A

$6.62M

$5.79M – $7.72M (±1% cap)

NOI $463,156 @ 7.0% cap · market cap 14.88%

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

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Similar Places Nearby

VITAS Healthcare — 1340 S Damen Ave # 200, Chicago, IL 60608
VITAS Palliative Care — 1340 S Damen Ave # 200, Chicago, IL 60608
Milica Jovic, PharmD — 820 s damen ave, chicago, il 60612
Stacy M. Bolf, PharmD — 820 s damen ave, chicago, il 60612
Lackland Lee Camille I — 820 s damen ave, chicago, il 60612

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6572
Latitude: 41.8664

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For sale
Drug stores
IL
Chicago
1208 W Washburne Ave

What type of property is this?

Drug store - High-performing pharmacy in a strategic location near medical district.

Where is this drug store located?

The property is located at 1208 W Washburne Ave Chicago, IL.

What is the asking price?

The asking price for this property is $3,112,460.

What are key features of this property?

This property features: Irreplaceable location between medical district & university; Top performing store, in the top 11% in the State of Illinois; 3‑mile demographics boast $153K+ AHHI & 451K residents

1208 W Washburne Ave, Chicago, IL

High-performing pharmacy in a strategic location near medical district.

Property Features for 1208 W Washburne Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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