One-Story Corner Commercial
210 S Desplaines Street #SE Chicago, IL 60661
For Sale
$1,399,000
Single-story corner unit with street entrance and indoor garage parking, offered for sale or lease.
Property Size4,000 SF
Price / SF$349.75
Days on Market14
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 Agency:
MUV REAL ESTATE
(312) 900-3429
Listed By:
JESSE NOCON
Source:
Corcoran
Added: Jul 10
Changed: Jul 13
Last Checked: Jul 23 at 9:16AM
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.
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)
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
NOI $85,824 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
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
Similar Off Market Nearby
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- Jarabe - Taqueria — 1104 W Taylor St, Chicago, IL 60607
- 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)
