Retail/Flex Office with Storefront
2078 N Western Avenue Chicago, IL 60647
For Sale
$400,000
New construction retail/flex office delivered as a vanilla box with floor-to-ceiling storefront windows and restroom.
Property Size1,850 SF
Price / SF$216.22
Days on Market50
Property Features for 2078 N Western Avenue
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
STRAUSS REALTY LTD
(773) 736-3600
Listed By:
ADAM SCHNEIDERMAN · License #475149601
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 28 at 5:24PM
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 STRAUSS REALTY LTD
Investment Insights
Based on property information with market context.
This newly constructed retail/flex/office space is delivered as a vanilla box and offers floor-to-ceiling storefront windows for strong natural light. The layout includes a finished restroom and an in-unit fire sprinkler system, providing a straightforward base for a wide range of tenant improvements and finishes.
Located at 2078 N. Western Avenue in Chicago’s Bucktown area, the property is positioned for visibility along Western Avenue with both vehicle and pedestrian traffic. The remarks note convenient access to the CTA Blue Line and a surrounding mix of restaurants, boutiques, and national retailers, supporting a walk-in and drive-by customer presence.
The configuration and front-facing glazing make the space a practical fit for retail, showroom, fitness, wellness, medical, or office use. For operators seeking a modern, customizable ground-floor environment with a restroom already built out and sprinkler protection in place, this suite offers an efficient starting point tailored to storefront-oriented concepts.
Located at 2078 N. Western Avenue in Chicago’s Bucktown area, the property is positioned for visibility along Western Avenue with both vehicle and pedestrian traffic. The remarks note convenient access to the CTA Blue Line and a surrounding mix of restaurants, boutiques, and national retailers, supporting a walk-in and drive-by customer presence.
The configuration and front-facing glazing make the space a practical fit for retail, showroom, fitness, wellness, medical, or office use. For operators seeking a modern, customizable ground-floor environment with a restroom already built out and sprinkler protection in place, this suite offers an efficient starting point tailored to storefront-oriented concepts.
Key Highlights
- New construction retail/flex/office space with 1,850 SF building area (Year built: 2026)
- Delivered as a vanilla box for tenant buildout, with finished restroom included
- Floor‑to‑ceiling storefront windows designed for abundant natural light
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 | $40.0k | $21.60 |
| − Vacancy | −$3.4k | −$1.84 |
| EGI | $36.6k | $19.76 |
| − OpEx | −$11.0k | −$5.93 |
| NOI | $25.6k | $13.83 |
1,850 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 6.40%
Second Best
Flex RnD
$305.1K
$267.0K – $355.9K
NOI $21,356 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$872.3K
$763.2K – $1.02M
NOI $61,059 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Artisan Catering Inc — 2246 w armitage ave, chicago, il 60647
- Third Coast Chef — 1949 N Hoyne Ave, Chicago, IL 60647
- Rosie's Sidekick Sandwich Shop — 2610 N California Ave, Chicago, IL 60647
- Daria's Catering — 2459 W Armitage Ave, Chicago, IL 60647
Frequently Asked Questions
What type of property is this?
Flex space - New construction retail/flex office delivered as a vanilla box with floor-to-ceiling storefront windows and restroom.
Where is this flex space located?
The property is located at 2078 N Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: New construction retail/flex/office space with 1,850 SF building area (Year built: 2026); Delivered as a vanilla box for tenant buildout, with finished restroom included; Floor‑to‑ceiling storefront windows designed for abundant natural light
