Office Suite with Private
For Sale
Contact for pricing
1812 W Irving Park Road, Chicago, IL 60613
The built-out layout combines open workspace, enclosed offices, storage, and two private bathrooms.
Property Size2,300 SF
Price / SF$1.59
Days on Market19
Property Features for 1812 W Irving Park Road
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Retail
Site & Location
Neighborhood
North Center
Additional Details
Condition
Built-Out
Property Use
Office
Amenities
private bathrooms
storage
private offices
Building Details
Year Built
1950
Listing Agency:
Compass
(773) 598-7388
Listed By:
Adam Max · License #471022028
(847) 361-3756
Source:
Helenoliveri
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 1 at 12:52AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,300-square-foot office unit at 1812 W Irving Park Road has a built-out interior with an open work area, private offices, storage, and two private bathrooms. The building dates to 1950, and furnished options are available.
Shops and restaurants are within steps of the property. The location is on Irving Park Road in Chicago.
Shops and restaurants are within steps of the property. The location is on Irving Park Road in Chicago.
Key Highlights
- 2,300‑square‑foot office unit
- Open workspace with private offices and storage
- Two private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,400
$636.4K
Cap Rate 7%
$454,571
$454.6K
Cap Rate 9%
$353,556
$353.6K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$49.7K $21.60/SF
− Vacancy
−$4.2K −$1.84/SF
EGI
$45.5K $19.76/SF
− OpEx
−$13.6K −$5.93/SF
NOI
$31.8K $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%
$636,400
Cap Rate 7%
$454,571
Cap Rate 9%
$353,556
Alternative Uses
Best Use
Office B
$705.0K
$616.9K – $822.5K
NOI $49,349 @ 7.0% cap · market cap 1,352.03%
Second Best
Retail
$454.6K
$397.8K – $530.3K
NOI $31,820 @ 7.0% cap · market cap 871.78%
Theoretical Best
Office A
$1.08M
$948.9K – $1.27M
NOI $75,911 @ 7.0% cap · market cap 2,079.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 60613, IL
53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - The built-out layout combines open workspace, enclosed offices, storage, and two private bathrooms.
Where is this office unit located?
The property is located at 1812 W Irving Park Road Chicago, IL.
What are key features of this property?
This property features: 2,300‑square‑foot office unit; Open workspace with private offices and storage; Two private bathrooms
