Mixed-Use Retail and Office
For Sale
$299,900
2625 N Halsted Street, Chicago, IL 60614
A 2004-built space features hardwood floors, tall ceilings, storage, and outdoor parking along North Halsted.
Property Size1,300 SF
Price / SF$230.69
Days on Market596
Property Features for 2625 N Halsted Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Side
Additional Details
Tenant in Place
Yes
Property Use
Retail/Office
Taxes and HOA fees
Annual Taxes
$11,122
Amenities
Great window exposure
Hardwood floors
High ceilings
storage
outdoor parking
Building Details
Building Size
1,300 SF
Year Built
2004
Stories
1
Listing Agency:
Strauss Realty Ltd
Listed By:
Patrick Duffy · License #475140988
(773) 736-3600
Source:
Crossdavidson
Added: Mar 7, 2025
Changed: Oct 24
Last Checked: Oct 23 at 4:56PM
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 Strauss Realty Ltd
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Investment Insights
Based on property information with market context.
The 1,300-square-foot mixed-use property combines retail and office space. Interior features include hardwood flooring, high ceilings, and storage, with outdoor parking provided. Constructed in 2004, the unit is suited to a range of retail and office configurations.
Positioned along North Halsted Street in Chicago’s Lincoln Park, the property has window exposure on the corridor. Nearby businesses include Home Depot, Guitar Center, Baskin-Robbins, Dunkin’ Donuts, and Starbucks. The current tenant is expected to vacate by the end of June.
Positioned along North Halsted Street in Chicago’s Lincoln Park, the property has window exposure on the corridor. Nearby businesses include Home Depot, Guitar Center, Baskin-Robbins, Dunkin’ Donuts, and Starbucks. The current tenant is expected to vacate by the end of June.
Key Highlights
- 1,300 square feet of retail and office space
- Built in 2004
- Hardwood floors, high ceilings, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,938
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,760
$438.8K
Cap Rate 7%
$313,400
$313.4K
Cap Rate 9%
$243,756
$243.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$39.0K $30.00/SF
− Vacancy
−$3.9K −$3.00/SF
EGI
$35.1K $27.00/SF
− OpEx
−$13.2K −$10.13/SF
NOI
$21.9K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,760
Cap Rate 7%
$313,400
Cap Rate 9%
$243,756
Alternative Uses
Best Use
Mixed Use
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,936
Businesses Nearby
333k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 20%
Shops & Services 19%
Superstores 10%
Trader Joe's
Groceries
43,874 visits/mo
0.3 miles
Target
Superstores
33,595 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
30,960 visits/mo
0.1 miles
McDonald's
Dining
29,548 visits/mo
0.3 miles
The Fresh Market
Groceries
23,763 visits/mo
0.2 miles
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2004-built space features hardwood floors, tall ceilings, storage, and outdoor parking along North Halsted.
Where is this mixed-use property located?
The property is located at 2625 N Halsted Street Chicago, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,300 square feet of retail and office space; Built in 2004; Hardwood floors, high ceilings, and storage
