Leased Retail/Office
1552 W Fullerton Avenue Chicago, IL 60614
New
For Sale
$253,000
First-floor suite includes tinted all-glass storefront, private offices, reception, and one bathroom, leased to a national tenant.
Property Size800 SF
Price / SF$316.25
Days on Market5
Property Features for 1552 W Fullerton Avenue
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency:
@PROPERTIES COMMERCIAL
(312) 337-0200
Listed By:
JAMES SCULLY · License #475171707
Source:
Corcoran
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 4:20AM
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 @PROPERTIES COMMERCIAL
Investment Insights
Based on property information with market context.
This first-floor retail/office suite is offered for sale with an existing lease in place with a national tenant. The space features large, tinted all-glass window frontage designed to provide abundant natural light. Interior improvements include a reception area, three private offices, and one bathroom.
The property is located on Fullerton Avenue east of Ashland, with easy access to the highway. A variety of nearby lunch, dinner, and fast-food options are available in the immediate vicinity.
Ideal for investors seeking a single tenant, leased asset with remaining lease term of 2+ years.
The property is located on Fullerton Avenue east of Ashland, with easy access to the highway. A variety of nearby lunch, dinner, and fast-food options are available in the immediate vicinity.
Ideal for investors seeking a single tenant, leased asset with remaining lease term of 2+ years.
Key Highlights
- 800 SF first‑floor retail/office suite leased to a national tenant with 2+ years remaining on the lease
- Large all‑glass tinted window frontage for strong natural light
- Suite layout includes reception area plus three private offices
Financial Insights For Office B
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 | $30.7k | $38.40 |
| − Vacancy | −$7.8k | −$9.79 |
| EGI | $22.9k | $28.61 |
| − OpEx | −$5.7k | −$7.15 |
| NOI | $17.2k | $21.46 |
800 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$245.2K
$214.6K – $286.1K
NOI $17,165 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$158.1K
$138.4K – $184.5K
NOI $11,068 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,404 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Innovative Wellness
Medical Clinic
Innovative Therapy
Crisis Center
Similar Off Market Nearby
- Jamieson Vivian E DVM — 1643 W Cortland St, Chicago, IL 60622
- My Vet Animal Hospital — 1643 W Cortland St, Chicago, IL 60622
- Hamor Ralph E DVM — 1643 W Cortland St, Chicago, IL 60622
- Arfit Tod Miner, PT CCRP — 1647 W Cortland St, Chicago, IL 60622
- Vetco Total Care Animal Hospital — 2000 N Clybourn Ave, Chicago, IL 60614
FAQs
What type of property is this?
Medical Office Space - First-floor suite includes tinted all-glass storefront, private offices, reception, and one bathroom, leased to a national tenant.
Where is this medical office space located?
The property is located at 1552 W Fullerton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $253,000.
What are key features of this property?
This property features: 800 SF first‑floor retail/office suite leased to a national tenant with 2+ years remaining on the lease; Large all‑glass tinted window frontage for strong natural light; Suite layout includes reception area plus three private offices
