Condominium Retail
For Sale
Contact for pricing
30 East Division Street Unit C1, Chicago, IL 60610
Vacant commercial space in Chicago’s Gold Coast available for immediate occupancy.
Property Size4,400 SF
Price / SF$0.45
Days on Market1821
Property Features for 30 East Division Street Unit C1
General Information
Standard status
Active
Size
4,400 SF
Building Details
Year Built
1973
Stories
17
Listing Agency:
Dream Town Real Estate
Listed By:
Anna Foley-Henry · License #475134711
(773) 547-8331
Source:
Compass
Added: Oct 28, 2021
Changed: Oct 21
Last Checked: Oct 20 at 11:15PM
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 Dream Town Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is located within a condominium building at 30 East Division Street, Unit C1, in Chicago’s Gold Coast. The suite is vacant and can be occupied immediately.
The property was built in 1973 and was most recently used by a barber business. Its multi-use configuration supports consideration for retail or other commercial operations, subject to applicable requirements.
The property was built in 1973 and was most recently used by a barber business. Its multi-use configuration supports consideration for retail or other commercial operations, subject to applicable requirements.
Key Highlights
- Vacant space available for immediate occupancy
- Located at 30 East Division Street, Unit C1, Chicago, IL 60610
- Situated in a condominium building in Chicago’s Gold Coast
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
$1.2M
Cap Rate 7%
$869,614
$869.6K
Cap Rate 9%
$676,367
$676.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$95.0K $21.60/SF
− Vacancy
−$8.1K −$1.84/SF
EGI
$87.0K $19.76/SF
− OpEx
−$26.1K −$5.93/SF
NOI
$60.9K $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%
$1,217,460
Cap Rate 7%
$869,614
Cap Rate 9%
$676,367
Alternative Uses
Best Use
Retail
$869.6K
$760.9K – $1.01M
NOI $60,873 @ 7.0% cap · market cap 3,043.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,221 @ 7.0% cap · market cap 7,261.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,176
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Apparel 24%
Shops & Services 11%
Pizanos Pizza
Dining
9,491 visits/mo
0.5 miles
Velvet Taco
Dining
7,917 visits/mo
0.2 miles
Prada
Apparel
7,235 visits/mo
0.3 miles
Jeni's Splendid Ice Creams
Dining
6,194 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
5,818 visits/mo
0.2 miles
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial space in Chicago’s Gold Coast available for immediate occupancy.
Where is this retail space located?
The property is located at 30 East Division Street Unit C1 Chicago, IL.
What are key features of this property?
This property features: Vacant space available for immediate occupancy; Located at 30 East Division Street, Unit C1, Chicago, IL 60610; Situated in a condominium building in Chicago’s Gold Coast
