One-Story Corner Flex Commercial Space

210 S Desplaines Street #NE Chicago, IL 60661

Claim this Listing
New
For Sale
$2,699,000

One-story corner space with indoor garage parking and flexibility for retail, showroom, office, or light industrial.

Type:Commercial
Property size:
8,000 SF
Price / SF:
$337/SF
Added:
Jul 9, 2026
Days on Market:
4
Last Refresh:
Jul 11 at 3:53 am

Property Features for 210 S Desplaines Street #NE

General Information

Standard status
Active
Size
8,000 SF
Property subtype
Commercial

Building Details

Year Built
1913

Listing office MUV REAL ESTATE

Listing date Jul 9, 2026

Source Corcoran

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 MUV REAL ESTATE


Investment Insights

Based on property information with market context.

One-story corner commercial space at 210 S Desplaines Street #NE in Chicago, offering 8,000 SF for sale or lease. The space is designed as flexible commercial space and can be combined with an adjacent 4,000 SF unit to accommodate a range of business needs. Included with the suite are 4 indoor garage parking spaces, with 13 available total.

Positioned as a West Loop commercial offering, the property serves multiple operating styles, with suitability noted for retail, showroom, office, or light industrial use.

If you are looking for a corner configuration with on-site indoor garage parking and the ability to expand through combination with the nearby unit, this suite is available for sale or lease.

Key Highlights

  • 8,000 SF West Loop one‑story corner commercial space available for sale or lease
  • Can be combined with an additional 4,000 SF unit for larger business needs
  • 4 indoor garage parking spaces included; 13 available

Local Financial Insights For Office B

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 $307.2k $38.40
− Vacancy −$78.3k −$9.79
EGI $228.9k $28.61
− OpEx −$57.2k −$7.15
NOI $171.6k $21.46
8,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.45M
$2.15M – $2.86M (±1% cap)
NOI $171,648 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$1.58M
$1.38M – $1.84M (±1% cap)
NOI $110,678 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M (±1% cap)
NOI $264,038 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Deflorio Fashion Bridal Clothing & Fashion Store Vohra Sudesh MD Physician Harold Bregman, M.D. Physician Bleeding Disorders Alliance ... Charitable Organization Marco Pagani, M.D. Physician

Suggested Use

Buffet Adult Day Care Clothing & Fashion Store Restaurant Nursing Home Tanning Salon Nursing Home Restaurant Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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FAQs

What type of property is this?
Flex space - One-story corner space with indoor garage parking and flexibility for retail, showroom, office, or light industrial.
Where is this flex space located?
The property is located at 210 S Desplaines Street #NE Chicago, IL.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 8,000 SF West Loop one‑story corner commercial space available for sale or lease; Can be combined with an additional 4,000 SF unit for larger business needs; 4 indoor garage parking spaces included; 13 available
Contact an agent
More about this property
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