223 W Lk St, Chicago, IL
4,900 SF retail space with high foot traffic.
- Added:
- Sep 10, 2025
- Days on Market:
- 301
- Last Refresh:
- May 20 at 8:58 pm
Property Features for 223 W Lk St
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Lot size
- 0.17 Acres
- Property subtype
- OFFICE
Properties For Sale
at 223 W Lk St Contact us
Listing office Jameson Commercial (312) 296-9669
Listing date Sep 10, 2025
Source Moodyscre
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 Jameson Commercial
HighLights
- Prime 223 W Lake St location
- High visibility for foot traffic
- Spacious 4,900 SF building
- Ideal for retail/street retail investment
- Ample space for retail displays
- Attractive storefront for customer appeal
Overview
Local Financial Insights For Retail
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 | $105.8k | $21.60 |
| − Vacancy | −$9.0k | −$1.84 |
| EGI | $96.8k | $19.76 |
| − OpEx | −$29.1k | −$5.93 |
| NOI | $67.8k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6349
- Latitude
- 41.8854
