Retail Property Near Mixed-Use
For Sale
Contact for pricing
2100 N Elston Ave, Chicago, IL 60614
Retail property adjacent to a $3B mixed-use development.
Property Size187,204 SF
Price / SF$362.44
Days on Market209
Property Features for 2100 N Elston Ave
General Information
Standard status
Active
Size
187,204 SF
Total Parking Spaces
900
Property subtype
Retail
Zoning
PD-907
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$4,562,792
Building Details
Year Built
2005
Buildings
3
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Pegasus Investments
Listed By:
David Chasin · License #CA 01513027
(310) 969-1135
Source:
Crexi
Added: Mar 11
Changed: Oct 5
Last Checked: Oct 4 at 9:05AM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
This commercial property, comprising 187,204 square feet, is suitable for retail and shopping center use. It is located adjacent to a planned $3 billion mixed-use development. Current tenants include Kohl’s, Best Buy and BMO.
Key Highlights
- Adjacent to $3B Mixed‑Use Development
- Anchored by Kohl’s
- Anchored by Best Buy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,589,930
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$51,798,600
$51.8M
Cap Rate 7%
$36,999,000
$37.0M
Cap Rate 9%
$28,777,000
$28.8M
Market Conditions
NOI Build-Up for 187,204 SF
Gross rent
$4.04M $21.60/SF
− Vacancy
−$343.7K −$1.84/SF
EGI
$3.70M $19.76/SF
− OpEx
−$1.11M −$5.93/SF
NOI
$2.59M $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%
$51,798,600
Cap Rate 7%
$36,999,000
Cap Rate 9%
$28,777,000
Alternative Uses
Best Use
Retail
$37.00M
$32.37M – $43.17M
NOI $2,589,930 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$88.27M
$77.23M – $102.98M
NOI $6,178,631 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,479
Businesses Nearby
460k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Dining 21%
Shops & Services 20%
Groceries 9%
Kohl's
Apparel
73,373 visits/mo
0.1 miles
Mariano's
Groceries
43,130 visits/mo
0.1 miles
Best Buy
Electronics
35,454 visits/mo
0.1 miles
McDonald's
Dining
31,775 visits/mo
0.4 miles
Old Navy
Apparel
28,992 visits/mo
0.5 miles
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail property adjacent to a $3B mixed-use development.
Where is this shopping center located?
The property is located at 2100 N Elston Ave Chicago, IL.
What is the asking price?
The asking price for this property is $67,850,000.
What are key features of this property?
This property features: Adjacent to $3B Mixed‑Use Development; Anchored by Kohl’s; Anchored by Best Buy
