The Dog Stop NNN Retail
For Sale
Contact for pricing
2627 North Western Avenue, Chicago, IL 60647
Single-tenant net lease asset with on-site parking and loading functionality.
Property Size9,779 SF
Price / SF$290.42
Days on Market119
Property Features for 2627 North Western Avenue
General Information
Standard status
Active
Size
9,779 SF
Property subtype
Retail, Industrial
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$202,809
Site & Location
Neighborhood
Bucktown
Highway Access
Yes
Amenities
on-site parking
dock doors
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Greenstone Partners
Listed By:
Tom Galvin · License #IL 475181636
(630) 748-9416
Source:
Crexi
Added: Jul 6
Changed: Oct 25
Last Checked: Nov 1 at 5:39AM
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 Greenstone Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,779-square-foot NNN retail property is occupied by The Dog Stop as a single-tenant asset. The building includes on-site parking and dock doors, supporting customer access and property operations. A long-term tenancy and significant tenant investment are also identified in the property information.
The property is located at 2627 North Western Avenue in Chicago’s Bucktown/Logan Square area. Its setting provides access to the Kennedy Expressway and nearby retail destinations, with the address positioned along North Western Avenue.
The property is located at 2627 North Western Avenue in Chicago’s Bucktown/Logan Square area. Its setting provides access to the Kennedy Expressway and nearby retail destinations, with the address positioned along North Western Avenue.
Key Highlights
- 9,779‑square‑foot NNN retail property
- Single‑tenant occupancy by The Dog Stop
- Long‑term tenancy with significant tenant investment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,291
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,820
$2.7M
Cap Rate 7%
$1,932,729
$1.9M
Cap Rate 9%
$1,503,233
$1.5M
Market Conditions
NOI Build-Up for 9,779 SF
Gross rent
$211.2K $21.60/SF
− Vacancy
−$18.0K −$1.84/SF
EGI
$193.3K $19.76/SF
− OpEx
−$58.0K −$5.93/SF
NOI
$135.3K $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%
$2,705,820
Cap Rate 7%
$1,932,729
Cap Rate 9%
$1,503,233
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,291 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,754 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,294
Businesses Nearby
459k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Dining 22%
Home Improvements & Furnishings 20%
Leisure 10%
Target
Superstores
190,856 visits/mo
0.2 miles
Regal City North
Leisure
43,577 visits/mo
0.0 miles
HomeGoods
Home Improvements & Furnishings
42,023 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
36,403 visits/mo
0.3 miles
Starbucks
Dining
21,992 visits/mo
0.3 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant net lease asset with on-site parking and loading functionality.
Where is this nnn property located?
The property is located at 2627 North Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,840,000.
What are key features of this property?
This property features: 9,779‑square‑foot NNN retail property; Single‑tenant occupancy by The Dog Stop; Long‑term tenancy with significant tenant investment
