Freestanding Retail/Storefront
For Sale
Contact for pricing
1434 W Montrose Ave, Chicago, IL 60640
Freestanding storefront building with a large, naturally lit front room, updated kitchenette, ADA restroom, and private office.
Property Size1,576 SF
Price / SF$253.81
Days on Market23
Property Features for 1434 W Montrose Ave
General Information
Standard status
Active
Size
1,576 SF
Property subtype
RETAIL
Amenities
updated kitchenette
ADA-compliant restroom
spacious private office
additional storage area
Building Details
Buildings
1
Listing Agency:
SVN | Chicago - Corporate
(773) 405-4641
Listed By:
Marcus Sullivan · License #475139568
(773) 405-4641
Source:
Moodyscre
Added: Jul 10
Changed: Jul 29
Last Checked: Aug 1 at 4:02AM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This freestanding commercial building offers 1,576 SF of flexible retail or storefront space with a large front room featuring abundant natural light. The layout includes an updated kitchenette, an ADA-compliant restroom, a spacious private office, and additional storage area. The interior configuration is designed to support a variety of commercial uses.
The property is highly visible along Montrose Avenue and benefits from strong surrounding co-tenancy and neighborhood amenities. It is also positioned near CTA, Metra, and major thoroughfares, supporting convenient access for employees and customers.
With its mix of customer-facing space, private office, and dedicated storage, the building can work well for businesses seeking an efficient storefront footprint with functional back-of-house support.
The property is highly visible along Montrose Avenue and benefits from strong surrounding co-tenancy and neighborhood amenities. It is also positioned near CTA, Metra, and major thoroughfares, supporting convenient access for employees and customers.
With its mix of customer-facing space, private office, and dedicated storage, the building can work well for businesses seeking an efficient storefront footprint with functional back-of-house support.
Key Highlights
- 1,576 SF freestanding commercial building
- Highly visible storefront along Montrose Avenue
- Large front room with abundant natural light
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 | $34.0k | $21.60 |
| − Vacancy | −$2.9k | −$1.84 |
| EGI | $31.1k | $19.76 |
| − OpEx | −$9.3k | −$5.93 |
| NOI | $21.8k | $13.83 |
1,576 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$311.5K
$272.6K – $363.4K
NOI $21,804 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.1K
$650.2K – $866.9K
NOI $52,016 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,049
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 35%
Office Supplies 13%
Dining 13%
Aldi
Groceries
32,487 visits/mo
0.4 miles
Staples
Office Supplies
12,326 visits/mo
0.2 miles
Mobil
Shops & Services
7,262 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,133 visits/mo
0.1 miles
BP
Shops & Services
6,740 visits/mo
0.5 miles
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
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 - Freestanding storefront building with a large, naturally lit front room, updated kitchenette, ADA restroom, and private office.
Where is this storefront property located?
The property is located at 1434 W Montrose Ave Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,576 SF freestanding commercial building; Highly visible storefront along Montrose Avenue; Large front room with abundant natural light
