Retail Space in Irving
4233 N Kedzie Ave Chicago, IL 60618
4233 N Kedzie Ave, Chicago, IL, 60618
$399,000
For Sale
$399,000
Retail space for sale in newer construction Irving Park building.
Property Size2,020 SF
Price / SF$197.52
Days on Market643
Property Features for 4233 N Kedzie Ave
General Information
- Standard status
- Active
- Size
- 2,020 SF
Listing Agency
First Western Properties
(773) 355-4780
Listed by
Paul Tsakiris · License #471005153
(773) 355-4780
Source
Exprealty
Added: Oct 16, 2024 Updated: Jul 10 at 12:52 pm Checked: Jul 19 at 9:38 am
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 property offers retail space in a newer construction building located in Irving Park. The available space includes two units, one measuring 806 square feet and another at 1,214 square feet, totaling 2,020 square feet. The layout features a large, open retail floor plan, complemented by one washroom and a utility room. The property is situated directly across from an AutoZone and a Cermak Produce.
Key Highlights
- Newer construction building offers modern appeal.
- Located directly across from AutoZone and Cermak Produce, providing excellent visibility.
- Total of 2,020sf of retail space available, split into two spaces: 806sf and 1,214sf.
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 | $44.4k | $21.96 |
| − Vacancy | −$3.8k | −$1.87 |
| EGI | $40.6k | $20.09 |
| − OpEx | −$12.2k | −$6.03 |
| NOI | $28.4k | $14.07 |
2,020 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$405.9K
$355.2K – $473.5K
NOI $28,412 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.6K
$772.3K – $1.03M
NOI $61,781 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DolEx Dollar Express
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space for sale in newer construction Irving Park building.
Where is this retail space located?
The property is located at 4233 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: Newer construction building offers modern appeal.; Located directly across from AutoZone and Cermak Produce, providing excellent visibility.; Total of 2,020sf of retail space available, split into two spaces: 806sf and 1,214sf.
