Ground-Level Storefront Commercial
For Sale
$549,000
2836 N Southport Avenue G, Chicago, IL 60657
Vacant unit with B1-2 zoning, storefront windows, and independent HVAC.
Property Size1,900 SF
Price / SF$288.95
Days on Market45
Property Features for 2836 N Southport Avenue G
General Information
Standard status
Active
Size
1,900 SF
Zoning
B1-2
Additional Details
Floor
Ground
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Ana Osorio · License #475204338
(888) 574-9405
Source:
Amyboston.realtopiare
Added: Aug 22
Changed: Sep 13
Last Checked: Oct 4 at 3:08PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 1,900 SF ground-floor commercial condominium was built in 2006 and is delivered vacant. The space has a flexible interior arrangement that can accommodate retail, office, medical, wellness, or service-oriented businesses. Large storefront glazing brings natural light into the unit while providing exposure to pedestrian and vehicle traffic. The property includes 1.5 bathrooms, including one full bath, along with independent HVAC for dedicated climate control.
Positioned on Southport Avenue in Chicago, the property is part of an established corridor with surrounding residential and retail uses. The Brown and Purple Lines provide nearby transit access. B1-2 zoning supports a range of commercial applications, subject to applicable requirements.
Positioned on Southport Avenue in Chicago, the property is part of an established corridor with surrounding residential and retail uses. The Brown and Purple Lines provide nearby transit access. B1-2 zoning supports a range of commercial applications, subject to applicable requirements.
Key Highlights
- 1,900 SF ground‑level commercial condominium
- B1‑2 zoning supports varied commercial applications
- Large storefront windows provide natural light and street exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,286
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,720
$525.7K
Cap Rate 7%
$375,514
$375.5K
Cap Rate 9%
$292,067
$292.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$41.0K $21.60/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$37.6K $19.76/SF
− OpEx
−$11.3K −$5.93/SF
NOI
$26.3K $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%
$525,720
Cap Rate 7%
$375,514
Cap Rate 9%
$292,067
Alternative Uses
Best Use
Retail
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,493
Businesses Nearby
186k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 30%
Shops & Services 28%
Home Improvements & Furnishings 2%
Jewel-Osco
Groceries
55,541 visits/mo
0.4 miles
McDonald's
Dining
36,369 visits/mo
0.3 miles
Shell
Shops & Services
14,072 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
12,035 visits/mo
0.3 miles
Shell
Shops & Services
9,185 visits/mo
0.3 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant unit with B1-2 zoning, storefront windows, and independent HVAC.
Where is this storefront property located?
The property is located at 2836 N Southport Avenue G Chicago, IL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,900 SF ground‑level commercial condominium; B1‑2 zoning supports varied commercial applications; Large storefront windows provide natural light and street exposure
