Retail Condo with
New
For Sale
$425,000
1954 N Damen Ave, Chicago, IL 60647
A front display window, tall ceilings and existing plumbing support a customer-facing commercial layout.
Property Size1,228 SF
Price / SF$346.09
Days on Market1
Property Features for 1954 N Damen Ave
General Information
Standard status
Active
Size
1,228 SF
Property subtype
Commercial Condo
Site & Location
Neighborhood
Bucktown
Public Transit
Yes
Additional Details
Floor
1
HOA Fee
$305.78
Property Use
Retail, Office, Medical, Personal Service
Amenities
Abundant Natural Light
High Ceiling Heights
Personal Service Build-Out
Highly Adaptable Layout
Building Details
Year Built
2005
Listing Agency:
Sperry Van Ness
Listed By:
Marcus Sullivan · License #475139568
(773) 405-4641
Source:
Svnchicago
Added: Nov 1
Last Checked: Nov 1 at 3:13PM
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 Sperry Van Ness
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 first-floor retail condominium at 1954 N Damen Ave in Chicago contains approximately 1,228 square feet and was built in 2005. The space has a large front window, high ceilings and existing plumbing. Its configuration is presented for retail, office, medical or personal-service uses.
The property fronts Damen Avenue in Bucktown. The 606 trail and CTA Blue Line are identified as nearby transportation and recreation connections.
The property fronts Damen Avenue in Bucktown. The 606 trail and CTA Blue Line are identified as nearby transportation and recreation connections.
Key Highlights
- Approximately 1,228 square feet of interior space
- First‑floor commercial condominium built in 2005
- Large storefront window and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,989
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,780
$339.8K
Cap Rate 7%
$242,700
$242.7K
Cap Rate 9%
$188,767
$188.8K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$2.3K −$1.84/SF
EGI
$24.3K $19.76/SF
− OpEx
−$7.3K −$5.93/SF
NOI
$17.0K $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%
$339,780
Cap Rate 7%
$242,700
Cap Rate 9%
$188,767
Alternative Uses
Best Use
Retail
$242.7K
$212.4K – $283.2K
NOI $16,989 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.0K
$506.6K – $675.5K
NOI $40,530 @ 7.0% cap · market cap 9.54%
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
4,366
Businesses Nearby
320k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Apparel 23%
Dining 19%
Electronics 13%
Kohl's
Apparel
73,373 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
48,824 visits/mo
0.4 miles
McDonald's
Dining
43,397 visits/mo
0.4 miles
Best Buy
Electronics
35,454 visits/mo
0.5 miles
Aldi
Groceries
32,222 visits/mo
0.3 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - A front display window, tall ceilings and existing plumbing support a customer-facing commercial layout.
Where is this retail space located?
The property is located at 1954 N Damen Ave Chicago, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 1,228 square feet of interior space; First‑floor commercial condominium built in 2005; Large storefront window and high ceilings
