New Wicker Park Commercial
1319 N Western Avenue #C Chicago, IL 60622
1319 N Western Avenue #C, Chicago, IL, 60622
$519,000
For Sale
$519,000
New commercial condo in booming Wicker Park with customizable space.
Property Size2,400 SF
Price / SF$216.25
Days on Market93
Property Features for 1319 N Western Avenue #C
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
FULTON GRACE REALTY
(773) 698-6648
Listed by
OWEN DUFFY · License #475125711
Source
Corcoran
Added: Apr 20 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 4:59AM
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 FULTON GRACE REALTY
Investment Insights
Based on property information with market context.
This commercial condominium, situated in the Wicker Park neighborhood, offers a space suitable for retail or office use. The property features over 2,400 square feet of space with a vanilla box finish, allowing for customization. The space is located within a mixed-use building. The property includes a private rear entrance. Tall ceilings and full-height windows provide exposure.
Key Highlights
- Brand new commercial condo in booming Wicker Park.
- 2,400+ square feet of retail/office space.
- Vanilla box finish allows customization.
Local Financial Insights For Mixed Use
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 | $72.0k | $30.00 |
| − Vacancy | −$7.2k | −$3.00 |
| EGI | $64.8k | $27.00 |
| − OpEx | −$24.3k | −$10.13 |
| NOI | $40.5k | $16.88 |
2,400 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$735.6K
$643.7K – $858.2K
NOI $51,494 @ 7.0% cap · market cap 9.92%
Second Best
Mixed Use
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - New commercial condo in booming Wicker Park with customizable space.
Where is this mixed-use property located?
The property is located at 1319 N Western Avenue #C Chicago, IL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Brand new commercial condo in booming Wicker Park.; 2,400+ square feet of retail/office space.; Vanilla box finish allows customization.
