Industrial-Style Duplex Down Office
1412 W DIVISION Street Chicago, IL 60642
1412 W DIVISION Street, Chicago, IL, 60642
$499,000
For Sale
$499,000
COMMERCIAL - Chicago, IL
Property Size2,482 SF
Lot Size0.06 Acres
Price / SF$201.05
Days on Market47
Property Features for 1412 W DIVISION Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 17051240591001
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 14417
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2007
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Concrete, Wood
- Building materials
- Brick, Stone
Listing Agency
America Real Estate
(773) 735-4400
5744 S. Pulaski Rd., Chicago, IL
Listed by
Sonia Anaya · License #471003658
(773) 735-4400
Added: Jun 2 Checked: Jul 18 at 6:06 am
MLS# 12665632
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Industrial-style duplex-down commercial condo offering 2,482 total square feet across two levels with 14-foot ceilings. The main level provides an open retail-ready floor plan, a half bath, and dedicated storage. The lower level includes a full bathroom, kitchenette, laundry area, three private offices, closets, reception/lobby space, and additional storage.
The property is offered for sale in a commercial setting in Chicago, with zoning identified as COMMR. Public remarks note exceptional visibility in a high-traffic corridor, just off the highway and adjacent to a busy gas station.
Previously operated as a hair salon, the layout is described as suitable for a range of uses, including beauty/spa/salon, culinary school, co-working, creative studio, boutique retail, professional office, or client-service hybrid operations.
The property is offered for sale in a commercial setting in Chicago, with zoning identified as COMMR. Public remarks note exceptional visibility in a high-traffic corridor, just off the highway and adjacent to a busy gas station.
Previously operated as a hair salon, the layout is described as suitable for a range of uses, including beauty/spa/salon, culinary school, co-working, creative studio, boutique retail, professional office, or client-service hybrid operations.
Key Highlights
- Industrial‑style duplex down commercial condo with 2,482 total SF across two levels
- 14‑foot ceilings and central air; brick and stone exterior with concrete and wood flooring
- Main level (1,241 SF) features an open retail‑ready floor plan, half bath, and dedicated storage room
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 | $53.6k | $21.60 |
| − Vacancy | −$4.6k | −$1.84 |
| EGI | $49.1k | $19.76 |
| − OpEx | −$14.7k | −$5.93 |
| NOI | $34.3k | $13.83 |
2,482 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$760.8K
$665.7K – $887.6K
NOI $53,254 @ 7.0% cap · market cap 10.67%
Second Best
Retail
$490.5K
$429.2K – $572.3K
NOI $34,338 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,918 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mikela Salon
Hair Salon
Haj Designs Inc
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Duplex-down commercial condo with two levels, 14-foot ceilings, and a turnkey layout with office, reception, and storage space.
Where is this office units located?
The property is located at 1412 W DIVISION Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Industrial‑style duplex down commercial condo with 2,482 total SF across two levels; 14‑foot ceilings and central air; brick and stone exterior with concrete and wood flooring; Main level (1,241 SF) features an open retail‑ready floor plan, half bath, and dedicated storage room
