Industrial-Style Duplex Down
For Sale
Contact for pricing
1412 W DIVISION Street C-1, Chicago, IL 60642
Two-level commercial condo with 14-foot ceilings, adaptable for office, studio, retail, or client-service use.
Property Size2,482 SF
Price / SF$201.05
Days on Market59
Property Features for 1412 W DIVISION Street C-1
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Multifamily, Retail
Zoning
B3-2
Additional Details
Business Included
Yes
Highway Access
Yes
Clear Height
14 ft
Office Units
3
Building Details
Year Built
2007
Stories
2
Listing Agency:
America Real Estate
Listed By:
Gilberto Arreola Jr · License #475199431
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 29 at 3:14PM
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 America Real Estate
Investment Insights
Based on property information with market context.
An industrial-style duplex down commercial condo offering 2,482 total square feet across two levels and 14-foot ceilings. The main level includes an open, retail-ready layout, a half bath, and a dedicated storage room. The lower level adds a full bathroom, kitchenette, laundry area, three private offices, two closets, reception or lobby space, and additional storage.
Located in a high-traffic Bucktown corridor, the property is just off the highway and adjacent to a busy gas station, supporting strong day-to-day visibility. The condo is zoned B3-2 (Commercial/Mixed-Use), providing flexibility for a range of business and tenant concepts.
Previously operated as a hair salon, the configuration is well-suited for beauty, spa, or salon use, and it can also support uses such as a culinary school, co-working, creative studio, boutique retail, professional office, or a client-service hybrid. Property taxes are listed at $14,417.07 (previously $25,000+), which may be relevant for budgeting and underwriting.
Located in a high-traffic Bucktown corridor, the property is just off the highway and adjacent to a busy gas station, supporting strong day-to-day visibility. The condo is zoned B3-2 (Commercial/Mixed-Use), providing flexibility for a range of business and tenant concepts.
Previously operated as a hair salon, the configuration is well-suited for beauty, spa, or salon use, and it can also support uses such as a culinary school, co-working, creative studio, boutique retail, professional office, or a client-service hybrid. Property taxes are listed at $14,417.07 (previously $25,000+), which may be relevant for budgeting and underwriting.
Key Highlights
- Two‑level commercial condo totaling 2,482 SF, built in 2007, with 14‑foot ceilings
- B3‑2 zoning (commercial/mixed‑use) supports a wide range of business uses
- Main level offers 1,241 SF with an open, retail‑ready floor plan, half bath, and dedicated storage
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Office units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-level commercial condo with 14-foot ceilings, adaptable for office, studio, retail, or client-service use.
Where is this retail space located?
The property is located at 1412 W DIVISION Street C-1 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: Two‑level commercial condo totaling 2,482 SF, built in 2007, with 14‑foot ceilings; B3‑2 zoning (commercial/mixed‑use) supports a wide range of business uses; Main level offers 1,241 SF with an open, retail‑ready floor plan, half bath, and dedicated storage
