Corner Storefront
1659 W CHICAGO AVE, Chicago, IL 60622
For Sale
Contact for pricing
Owner-user or investment storefront with ADA-compliant restrooms and prominent Chicago Avenue exposure.
Property Size1,720 SF
Price / SF$342.44
Days on Market200
Property Features for 1659 W CHICAGO AVE
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Corner Location
Building Details
Year Built
Units
Tenancy
Listing Agency:
Chicago Real Estate Resources Inc
Listed By:
Eric Janssen · License #IL 471011639
(773) 327-9300
Source:
Crexi
Added: Apr 24
Changed: Nov 8
Last Checked: Nov 8 at 9:30AM
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 Chicago Real Estate Resources Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,730-square-foot corner storefront was built in 1984 and includes two ADA-compliant restrooms. Its commercial layout and prominent position on Chicago Avenue support a range of storefront-oriented uses, subject to applicable requirements.
The property is located at 1659 W Chicago Avenue in Chicago, with exposure along a high-traffic corridor and a dense surrounding residential base. The building also offers signage and branding space visible from the street. There are no HOA fees or assessments associated with the property.
The property is located at 1659 W Chicago Avenue in Chicago, with exposure along a high-traffic corridor and a dense surrounding residential base. The building also offers signage and branding space visible from the street. There are no HOA fees or assessments associated with the property.
Key Highlights
- 1,730 SF corner storefront on Chicago Avenue
- Built in 1984
- Two ADA‑compliant restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,796
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,920
$475.9K
Cap Rate 7%
$339,943
$339.9K
Cap Rate 9%
$264,400
$264.4K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$37.2K $21.60/SF
− Vacancy
−$3.2K −$1.84/SF
EGI
$34.0K $19.76/SF
− OpEx
−$10.2K −$5.93/SF
NOI
$23.8K $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%
$475,920
Cap Rate 7%
$339,943
Cap Rate 9%
$264,400
Alternative Uses
Best Use
Retail
$339.9K
$297.5K – $396.6K
NOI $23,796 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.0K
$709.6K – $946.1K
NOI $56,768 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,502
Businesses Nearby
115k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 37%
Shops & Services 24%
Electronics 2%
Mariano's
Groceries
43,456 visits/mo
0.5 miles
McDonald's
Dining
38,181 visits/mo
0.5 miles
Shell
Shops & Services
7,577 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,249 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
5,596 visits/mo
0.1 miles
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Chicago, IL
Properties on Market for Storefront properties in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
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- The Flower Hustler — 2000 W Carroll Ave, Chicago, IL 60612
- Fragrant Design — 1821 W Hubbard St, Chicago, IL 60622
Frequently Asked Questions
What type of property is this?
Storefront property - Owner-user or investment storefront with ADA-compliant restrooms and prominent Chicago Avenue exposure.
Where is this storefront property located?
The property is located at 1659 W CHICAGO AVE Chicago, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,730 SF corner storefront on Chicago Avenue; Built in 1984; Two ADA‑compliant restrooms
