Commercial Condo in New
For Sale
Contact for pricing
2129 N Damen Ave, Chicago, IL 60647
Commercial condo for sale, shell condition, ideal for office/retail.
Property Size1,208 SF
Price / SF$372.52
Days on Market234
Property Features for 2129 N Damen Ave
General Information
Standard status
Active
Size
1,208 SF
Class
A
Property subtype
Office, Retail
Zoning
B3-2
Building Details
Year Built
2026
Stories
4
Units
1
Listing Agency:
Hansen Realty Inc.
Listed By:
Oliver Stone · License #IL 471018873
(312) 547-9704
Source:
Crexi
Added: Feb 14
Changed: Sep 12
Last Checked: Oct 5 at 6:32PM
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 Hansen Realty Inc.
Investment Insights
Based on property information with market context.
A commercial condominium is available for sale within a new development. The property, consisting of 1208 square feet, is suitable for either a boutique office or a retail business. The property will be delivered as a shell in late spring.
Key Highlights
- New commercial condo in a new development
- Delivered as a shell, allowing for custom build‑out
- Suitable for boutique office or retail business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,919
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,380
$518.4K
Cap Rate 7%
$370,271
$370.3K
Cap Rate 9%
$287,989
$288.0K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$46.4K $38.40/SF
− Vacancy
−$11.8K −$9.79/SF
EGI
$34.6K $28.61/SF
− OpEx
−$8.6K −$7.15/SF
NOI
$25.9K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,380
Cap Rate 7%
$370,271
Cap Rate 9%
$287,989
Alternative Uses
Best Use
Office B
$370.3K
$324.0K – $432.0K
NOI $25,919 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$238.7K
$208.9K – $278.5K
NOI $16,712 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$569.6K
$498.4K – $664.5K
NOI $39,870 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo for sale, shell condition, ideal for office/retail.
Where is this retail space located?
The property is located at 2129 N Damen Ave Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: New commercial condo in a new development; Delivered as a shell, allowing for custom build‑out; Suitable for boutique office or retail business
