Retail Space in Bustling
2300 S Archer Avenue #206 Chicago, IL 60616
For Sale
$349,000
1,221 SF retail space in high-traffic Chicago location.
Property Size1,221 SF
Price / SF$285.83
Days on Market236
Property Features for 2300 S Archer Avenue #206
General Information
Standard status
Active
Size
1,221 SF
Property subtype
Commercial
Building Details
Year Built
2018
Listing Agency:
RICHLAND GLOBAL INC
(312) 600-7128
Listed By:
TAT KONG · License #471018209
Source:
Corcoran
Added: Dec 5, 2025
Changed: Jul 10
Last Checked: Jul 28 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 RICHLAND GLOBAL INC
Investment Insights
Based on property information with market context.
This 1,221 sq. ft. retail space is located on the second level of a two-story retail plaza. Situated at the intersection of Archer Ave and Canal Street, at the edge of Chicago's Chinatown, the location offers high visibility and accessibility. The plaza includes 48 retail spaces and 74 parking spots, along with two loading zones. The space is ready for occupancy and suitable for various business ventures. The 2024 property taxes are $8,943.79. Monthly assessments of approximately $415.68 cover common area utilities, snow removal, roof maintenance, common HVAC, exterior upkeep, cleaning, and common insurance.
Key Highlights
- High‑traffic location at the intersection of Archer Ave and Canal Street, bordering Chicago's Chinatown, ensuring excellent visibility.
- Ready for immediate occupancy, offering a quick start for various business ventures.
- Part of a bustling 2‑story retail plaza with 48 spaces.
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 | $26.4k | $21.60 |
| − Vacancy | −$2.2k | −$1.84 |
| EGI | $24.1k | $19.76 |
| − OpEx | −$7.2k | −$5.93 |
| NOI | $16.9k | $13.83 |
1,221 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$241.3K
$211.2K – $281.5K
NOI $16,892 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.7K
$503.7K – $671.7K
NOI $40,299 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 1,221 SF retail space in high-traffic Chicago location.
Where is this retail space located?
The property is located at 2300 S Archer Avenue #206 Chicago, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Archer Ave and Canal Street, bordering Chicago's Chinatown, ensuring excellent visibility.; Ready for immediate occupancy, offering a quick start for various business ventures.; Part of a bustling 2‑story retail plaza with 48 spaces.
