Bi-Level Retail
New
For Sale
$1,195,000
200 W Superior Street, Chicago, IL 60654
Commercial Sale, Chicago, IL
Property Size2,500 SF
Lot Size0.03 Acres
Price / SF$478
Days on Market2
Property Features for 200 W Superior Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
NWC of Wells and Superior
Subdivision
CHI - Near North Side
Standard status
Active
APN
17092020251003
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33993
Utilities
Cooling system
Central Air
Amenities
reception area
open office
private office
conference room
arched windows
polished concrete floors
glass-railed staircase
second conference room
open work area
lounge
kitchenette
print room
storage
Building Details
Year built
1995
Floors in Building
4
Number of units
1
Building materials
Brick
Listing Agency:
Compass
(773) 482-1917
Listed By:
Quentin Green III
Added: Oct 19
Last Checked: Oct 20 at 11:06AM
MLS# 12789306
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space occupies the first floor and lower level of 200 W. Superior. Its upper level contains reception, open office space, a private office, and a conference room; the lower level adds another conference room, work area, lounge, kitchenette, print room, and storage. Arched windows, polished concrete floors, and a glass-railed staircase are among the interior finishes. The building was constructed in 1995, with central air and wet sprinklers. DX-5 zoning is in place, and the space is presented for office, medical spa, wellness, retail, or professional service uses.
The property is at the northwest corner of Wells and Superior in Chicago’s River North area.
The property is at the northwest corner of Wells and Superior in Chicago’s River North area.
Key Highlights
- 2,500 SF bi‑level space with conference rooms and office areas
- DX‑5 zoning
- Central air and wet sprinklers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,587
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,740
$691.7K
Cap Rate 7%
$494,100
$494.1K
Cap Rate 9%
$384,300
$384.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$4.6K −$1.84/SF
EGI
$49.4K $19.76/SF
− OpEx
−$14.8K −$5.93/SF
NOI
$34.6K $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%
$691,740
Cap Rate 7%
$494,100
Cap Rate 9%
$384,300
Alternative Uses
Best Use
Retail
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
24,227
Businesses Nearby
596k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Apparel 25%
Hotels & Casinos 16%
Shops & Services 5%
Nordstrom
Apparel
136,729 visits/mo
0.3 miles
Starbucks
Dining
132,317 visits/mo
0.1 miles
McDonald's
Dining
65,567 visits/mo
0.5 miles
McDonald's
Dining
52,443 visits/mo
0.3 miles
Fogo de Chao
Dining
28,749 visits/mo
0.5 miles
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Two-level interiors provide reception, office, conference, lounge, kitchenette, and storage areas.
Where is this retail space located?
The property is located at 200 W Superior Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 2,500 SF bi‑level space with conference rooms and office areas; DX‑5 zoning; Central air and wet sprinklers
