Wrigleyville Storefront With Tall
For Sale
Contact for pricing
1222 W Grace Street, Chicago, IL 60613
The commercial interior includes hardwood flooring, two bathrooms and a kitchenette in a flexible retail layout.
Property Size1,287 SF
Price / SF$0.04
Days on Market25
Property Features for 1222 W Grace Street
General Information
Standard status
Active
Size
1,287 SF
Property subtype
Neighborhood Storefront
Site & Location
Neighborhood
Lakeview
Additional Details
Currently Operating
Yes
Amenities
hardwood floors
two bathrooms
kitchenette
Building Details
Year Built
1911
Listing Agency:
Strauss Realty Ltd
Listed By:
Patrick Duffy · License #475140988
(773) 736-3600
Source:
Helenoliveri
Added: Oct 8
Changed: Nov 1
Last Checked: Oct 31 at 9:57PM
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
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Investment Insights
Based on property information with market context.
This storefront occupies 1,287 square feet and features 12-foot ceilings, hardwood floors, two bathrooms and a kitchenette. The space is currently used as a T-shirt shop and is scheduled to become available in January 2027. The building dates to 1911.
Located at 1222 W Grace Street in Chicago, the property is identified as being in Wrigleyville.
Located at 1222 W Grace Street in Chicago, the property is identified as being in Wrigleyville.
Key Highlights
- 1,287 square feet of storefront space
- 12‑foot ceilings
- Hardwood floors, two bathrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,805
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,100
$356.1K
Cap Rate 7%
$254,357
$254.4K
Cap Rate 9%
$197,833
$197.8K
Market Conditions
NOI Build-Up for 1,287 SF
Gross rent
$27.8K $21.60/SF
− Vacancy
−$2.4K −$1.84/SF
EGI
$25.4K $19.76/SF
− OpEx
−$7.6K −$5.93/SF
NOI
$17.8K $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%
$356,100
Cap Rate 7%
$254,357
Cap Rate 9%
$197,833
Alternative Uses
Best Use
Retail
$254.4K
$222.6K – $296.8K
NOI $17,805 @ 7.0% cap · market cap 38,706.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.8K
$531.0K – $708.0K
NOI $42,477 @ 7.0% cap · market cap 92,341.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,733
Businesses Nearby
207k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 28%
Groceries 22%
Apparel 9%
Raising Cane's Chicken Fingers
Dining
36,207 visits/mo
0.1 miles
BP
Shops & Services
32,347 visits/mo
0.5 miles
Jewel-Osco
Groceries
30,208 visits/mo
0.3 miles
Chick-fil-A
Dining
19,353 visits/mo
0.4 miles
Whole Foods Market
Groceries
16,040 visits/mo
0.5 miles
Demographics for 60613, IL
53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
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- Goldie's Flowers & gifts — 3744 North Broadway, Chicago, IL 60613
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial interior includes hardwood flooring, two bathrooms and a kitchenette in a flexible retail layout.
Where is this storefront property located?
The property is located at 1222 W Grace Street Chicago, IL.
What are key features of this property?
This property features: 1,287 square feet of storefront space; 12‑foot ceilings; Hardwood floors, two bathrooms and a kitchenette
