Building Details

Building Size 1,600 SF

Year Built 1888

Stories 1

Listing Agency: Lucky Land Realty, Inc.

Listed By: Tiffany Toy · License #471008671 Show Phone

Source: Evrealestate

Added: Jul 11 Changed: Oct 18 Last Checked: Oct 20 at 9:06PM

Report an Issue

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 Lucky Land Realty, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This for-sale retail storefront property is located at 2322 W Roosevelt Road 1 in Chicago, IL 60608, within Cook County. The asset is presented as a retail storefront suitable for retail-focused occupancy.

Directions are noted as traveling west to Roosevelt, then taking Roosevelt to the address.

Additional details on layout, condition, and tenant-ready improvements were not provided.

Key Highlights

• Retail storefront property in Chicago, IL
• Access off Roosevelt Road
• Central Air cooling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,136

Cap Rate

6.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,720 $442.7K

Cap Rate 7%

$316,229 $316.2K

Cap Rate 9%

$245,956 $246.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$34.6K $21.60/SF

− Vacancy

−$2.9K −$1.84/SF

EGI

$31.6K $19.76/SF

− OpEx

−$9.5K −$5.93/SF

NOI

$22.1K $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%

$442,720

Cap Rate 7%

$316,229

Cap Rate 9%

$245,956

Alternative Uses

Best Use

Retail

$316.2K

$276.7K – $368.9K (±1% cap)

NOI $22,136 @ 7.0% cap · market cap 6.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$754.4K

$660.1K – $880.1K (±1% cap)

NOI $52,808 @ 7.0% cap · market cap 15.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Accounting Firm Computer & Electronic Repair Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,641

Businesses Nearby

100k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 34%

McDonald's Dining

31,471 visits/mo 0.1 miles

KFC Dining

16,703 visits/mo 0.1 miles

Mobil Shops & Services

15,910 visits/mo 0.2 miles

White Castle Dining

14,526 visits/mo 0.0 miles

Shell Shops & Services

10,730 visits/mo 0.1 miles

Demographics for 60608, IL

75,770

Population

32,617

Households

2.3

Avg Household Size

34

Median Age

34%

College-Educated

77%

High-School Grad

6.2 sq mi

ZIP Area

12,221

Density / Sq Mi

$70,704

Median Household Income

$42,211

Median Earnings

$1,208

Median Rent

$341,500

Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Similar For Sale Nearby

See more

Corner Storefront with Rear Parking

12259 S Halsted St, Chicago, IL 60628

$359,900

1,716 SF

View details

Medical Office Condo with Treatment Rooms

4856 N Damen Avenue Gu-1, Chicago, IL 60625

$425,000

1,645 SF

View details

Corner Storefront Property

1636 N Cicero Avenue, Chicago, IL 60641

$309,000

1,700 SF

View details

Mixed-Use Property with Garage

6551 W 63rd St, Chicago, IL 60638

$395,000

1,800 SF

View details

One-Story Neighborhood Retail Storefront

7716 W Belmont Ave, Chicago, IL 60634

$249,000

1,725 SF

View details

Storefront with Full Basement

1738 W 51st Street, Chicago, IL 60609

$210,000

1,540 SF

View details

Two-Unit Mixed-Use Retail Building

4233-39 N. Kedzie Ave., Chicago, IL 60618

$399,000

1,960 SF

View details

Storefront Space with Salon Buildout

3125 N Lincoln Avenue C, Chicago, IL 60657

$360,000

1,200 SF

View details

Mixed-Use Property with Private Parking

11125 S Kedzie Avenue, Chicago, IL 60655

$289,900

1,300 SF

View details

Windowed Storefront Condo

2946 W Belmont Ave Unit 1, Chicago, IL 60618

$375,000

1,200 SF

View details

Mixed-Use Building with Open Layout

5808 W Higgins Ave, Chicago, IL 60630

$290,000

2,000 SF

View details

Retail Storefront Property

3811 W Chicago Ave, Chicago, IL 60651

$290,000

2,000 SF

View details

Similar Off Market Nearby

• Wishing Well Florist LLC — 2443 W 16th St, Chicago, IL 60608
• Randolph Floral Design Ltd — 2410 W 16th St, Chicago, IL 60608
• CFCAM Chicago Flower Creations and More — 1933 W 17th St, Chicago, IL 60608

Frequently Asked Questions

What type of property is this?

Storefront property - For-sale storefront retail property in Chicago, IL with access off Roosevelt Road.

Where is this storefront property located?

The property is located at 2322 W Roosevelt Road 1 Chicago, IL.

What is the asking price?

The asking price for this property is $349,888.

What are key features of this property?

This property features: Retail storefront property in Chicago, IL; Access off Roosevelt Road; Central Air cooling