Corner Retail Building with
200 E 35th Street Chicago, IL 60616
For Sale
$1,700,000
Fully leased corner retail building with three main-level storefronts, a second-floor tenant, and secure private parking.
Property Size7,990 SF
Price / SF$212.77
Days on Market337
Property Features for 200 E 35th Street
General Information
- Standard status
- Active
- Size
- 7,990 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing Agency:
American Star Realty
(847) 375-9293
Listed By:
Pradeep Shukla · License #471.000633
Source:
Xome
Added: Aug 22, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:34AM
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 American Star Realty
Investment Insights
Based on property information with market context.
Well-maintained corner mixed-use retail building offers brick construction and a configuration that includes three retail storefronts on the main level plus a commercial tenant on the second floor. The building is currently described as having approximately 7,600 SF leased, supporting a diversified, multi-tenant setup.
Located at the Bridgeport-Bronzeville gateway, the property is positioned for strong street exposure and convenient front parking, along with a secure, iron-gated private parking area.
All inquiries are directed through the listing broker, and tenants should not be disturbed.
Located at the Bridgeport-Bronzeville gateway, the property is positioned for strong street exposure and convenient front parking, along with a secure, iron-gated private parking area.
All inquiries are directed through the listing broker, and tenants should not be disturbed.
Key Highlights
- Fully leased 7,990 SF mixed‑use corner retail building with three retail storefronts on the main level and one second‑floor commercial tenant
- Approximately 7,600 SF currently leased; investment structure includes diversified retail and second‑floor tenancy
- Brick construction with central air and A/C zoning; cooling is provided via Central Air, A/C - Zone
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 | $172.6k | $21.60 |
| − Vacancy | −$14.7k | −$1.84 |
| EGI | $157.9k | $19.76 |
| − OpEx | −$47.4k | −$5.93 |
| NOI | $110.5k | $13.83 |
7,990 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,540 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,708 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grand Terrace
Apartment Building
Similar Off Market Nearby
- Michi Florist — 4032 S Michigan Ave, Chicago, IL 60653, United States
FAQs
What type of property is this?
Storefront property - Fully leased corner retail building with three main-level storefronts, a second-floor tenant, and secure private parking.
Where is this storefront property located?
The property is located at 200 E 35th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully leased 7,990 SF mixed‑use corner retail building with three retail storefronts on the main level and one second‑floor commercial tenant; Approximately 7,600 SF currently leased; investment structure includes diversified retail and second‑floor tenancy; Brick construction with central air and A/C zoning; cooling is provided via Central Air, A/C - Zone
