2623 N Clark St, Chicago, IL
Office space with abundant natural light and strong demographics.
- Added:
- Aug 19, 2025
- Days on Market:
- 320
- Last Refresh:
- May 19 at 9:19 pm
Property Features for 2623 N Clark St
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Lot size
- 0.58 Acres
- Property subtype
- OFFICE
Listing office Colliers | Chicago Downtown (312) 648-9150
Listing date Aug 19, 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 Colliers | Chicago Downtown
HighLights
- High average household income: $170,648 (1 mi.)
- Walker's paradise: Walk Score 96, excellent transit: Transit Score 82
- Prominent signage & 20' fronting Clark
- Newer office buildout
- Abundant natural light throughout
- High traffic: 16,160 vehicles per day
Overview
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 | $57.1k | $38.40 |
| − Vacancy | −$14.6k | −$9.79 |
| EGI | $42.6k | $28.61 |
| − OpEx | −$10.6k | −$7.15 |
| NOI | $31.9k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6432
- Latitude
- 41.9305
