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One-Story Corner Commercial Space

210 S Desplaines Street #SE Chicago, IL 60661

Claim this Listing
New
For Sale
$1,399,000

Single-story corner unit with street entrance and indoor garage parking, offered for sale or lease.

Type:Commercial
Property size:
4,000 SF
Price / SF:
$349.75/SF
Added:
Jul 10, 2026
Days on Market:
4
Last Refresh:
Jul 13 at 2:32 am

Property Features for 210 S Desplaines Street #SE

General Information

Standard status
Active
Size
4,000 SF
Property subtype
Commercial

Building Details

Year Built
1913

Listing office MUV REAL ESTATE

Listing date Jul 10, 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.

A one-story corner commercial space of approximately 4,000 SF, featuring a street entrance and indoor garage parking. The property can also be combined with an adjacent 8,000 SF unit to accommodate a wider range of space needs.

The offering is located at 210 S Desplaines Street #SE in Chicago, IL 60661. Garage parking is included with two indoor spaces, with 13 available.

The space is presented as a flexible option suitable for retail, showroom, office, or light industrial uses, with availability for both sale or lease.

Key Highlights

  • West Loop one‑story corner commercial space with street entrance
  • 4,000 SF available for sale or lease
  • Includes 2 indoor garage parking spaces (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 $153.6k $38.40
− Vacancy −$39.2k −$9.79
EGI $114.4k $28.61
− OpEx −$28.6k −$7.15
NOI $85.8k $21.46
4,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.23M
$1.07M – $1.43M (±1% cap)
NOI $85,824 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$790.6K
$691.7K – $922.3K (±1% cap)
NOI $55,339 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M (±1% cap)
NOI $132,019 @ 7.0% cap · market cap 9.44%
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.

Similar Off Market Nearby

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  • ComplEAT Cuisine CHI — 644 S Halsted St, Chicago, IL 60607

FAQs

What type of property is this?
Flex space - Single-story corner unit with street entrance and indoor garage parking, offered for sale or lease.
Where is this flex space located?
The property is located at 210 S Desplaines Street #SE Chicago, IL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: West Loop one‑story corner commercial space with street entrance; 4,000 SF available for sale or lease; Includes 2 indoor garage parking spaces (13 available)
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