Single-Story Inner-Connected Commercial
2339 West Grand Avenue Chicago, IL 60612
2339 West Grand Avenue, Chicago, IL, 60612
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For Sale
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Two inner-connected single-story buildings total about 3,387 SF on a 5,040 SF site with a surface parking yard.
Property Size3,387 SF
Lot Size0.12 Acres
Price / SF$265.72
Days on Market97
Property Features for 2339 West Grand Avenue
General Information
- Standard status
- Active
- Size
- 3,387 SF
- Lot size
- 0.12 Acres
- Property subtype
- Retail, Office, Mixed Use
Listing agency
Baum Realty Group
Listed by
Zach Pruitt · License #471.013723
Source
Crexi
Added: Apr 16 Updated: Jul 20 at 6:22PM Checked: Jul 20 at 6:22PM
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 Baum Realty Group
Investment Insights
Based on property information with market context.
The property comprises two existing single-story inner-connected buildings totaling approximately 3,387 square feet on a total site area of 5,040 square feet. The north building features a framed gable truss along Grand Ave, connected to a single-bow-truss building that runs east to west along the rear of the property. The footprint and layout leave space that could function as a surface parking yard or potential indoor-outdoor area.
2339 W Grand is tucked just east of the main intersection of the Western and Grand corridors, with stops for two major bus routes within 200’. The location provides maximum transit connectivity to the Western & Grand – 49 & Grand-Western 65 bus stops, and the Western Avenue Metra Station is less than 1/4 mile away.
The property is offered with B3-3 as-of-right zoning and Transit-Oriented qualifications. The site is also noted as eligible for city, state, and federal incentive programs, including the Kinzie Ind. Conservation Area SBIF District and Enterprise Zone 4, supporting consideration of new construction, redevelopment, or adaptive repurpose utilizing the existing construction and outdoor area.
2339 W Grand is tucked just east of the main intersection of the Western and Grand corridors, with stops for two major bus routes within 200’. The location provides maximum transit connectivity to the Western & Grand – 49 & Grand-Western 65 bus stops, and the Western Avenue Metra Station is less than 1/4 mile away.
The property is offered with B3-3 as-of-right zoning and Transit-Oriented qualifications. The site is also noted as eligible for city, state, and federal incentive programs, including the Kinzie Ind. Conservation Area SBIF District and Enterprise Zone 4, supporting consideration of new construction, redevelopment, or adaptive repurpose utilizing the existing construction and outdoor area.
Key Highlights
- Two inner‑connected, single‑story buildings totaling approx. 3,387 SF
- Total site area approx. 5,040 SF with a surface parking yard or potential indoor‑outdoor area
- North building features a framed gable truss along Grand Ave connected to an east‑to‑west rear building
Local Financial Insights For Office B
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 | $130.1k | $38.40 |
| − Vacancy | −$33.2k | −$9.79 |
| EGI | $96.9k | $28.61 |
| − OpEx | −$24.2k | −$7.15 |
| NOI | $72.7k | $21.46 |
3,387 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$908.4K – $1.21M
NOI $72,671 @ 7.0% cap · market cap 8.07%
Second Best
Retail
$669.4K
$585.7K – $781.0K
NOI $46,858 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,787 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two inner-connected single-story buildings total about 3,387 SF on a 5,040 SF site with a surface parking yard.
Where is this office building located?
The property is located at 2339 West Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two inner‑connected, single‑story buildings totaling approx. 3,387 SF; Total site area approx. 5,040 SF with a surface parking yard or potential indoor‑outdoor area; North building features a framed gable truss along Grand Ave connected to an east‑to‑west rear building
