Logan Square Warehouse/Office/Retail
For Sale
Contact for pricing
2700-2714 N Campbell Ave, Chicago, IL
16,633 SF warehouse/office/retail space with high visibility.
Property Size18,600 SF
Lot Size0.38 Acres
Price / SF$172.04
Days on Market305
Property Features for 2700-2714 N Campbell Ave
General Information
Standard status
Active
Size
18,600 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Listing Agency:
Jameson Commercial
(773) 412-3899
Listed By:
Jason P. Hiller · License #475158547
(773) 412-3899
Source:
Moodyscre
Added: Oct 21, 2025
Changed: Aug 9
Last Checked: Aug 20 at 10:33AM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
This 16,633 square foot property offers a combination of warehouse, office, and retail space in east Logan Square. The building, originally constructed in 1908, features a concrete foundation, brick exterior, and a timber and rubber flat roof. The interior is comprised of approximately 12,000 square feet of warehouse space and 6,600 square feet of office/retail space, with ceiling heights varying from 12 to 23 feet. The property has potential for up to 12 offices and roughly 200 feet of retail frontage. It includes three drive-in bay doors and one flush loading dock. The location provides easy access to I-90/94 and public transportation. The property benefits from excellent visibility from I-90/94 (297,000 average daily vehicles) and the Metra Union Pacific Northwest line, with potential for signage or a billboard on the building and/or an affixed cell tower. Garage parking is available across the street, and permit street parking is also an option. The property is adjacent to Maplewood Brewery & Kitchen and within walking distance of Target, Home Depot, Regal Cinema City North, and XSport Fitness.
Key Highlights
- Prime location in east Logan Square with easy access to I‑90/94 and public transportation.
- High visibility from I‑90/94 (297k ADV) and Metra line, with potential for signage/billboard.
- Versatile space with approximately 12,000 sf of warehouse and 6,600 sf of office/retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$257,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,146,540
$5.1M
Cap Rate 7%
$3,676,100
$3.7M
Cap Rate 9%
$2,859,189
$2.9M
Market Conditions
NOI Build-Up for 18,600 SF
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.
Gross rent
$401.8K $21.60/SF
− Vacancy
−$34.1K −$1.84/SF
EGI
$367.6K $19.76/SF
− OpEx
−$110.3K −$5.93/SF
NOI
$257.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,146,540
Cap Rate 7%
$3,676,100
Cap Rate 9%
$2,859,189
Alternative Uses
Best Use
Office B
$5.70M
$4.99M – $6.65M
NOI $399,082 @ 7.0% cap · market cap 12.47%
Second Best
Retail
$3.68M
$3.22M – $4.29M
NOI $257,327 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$8.77M
$7.67M – $10.23M
NOI $613,889 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 16,633 SF warehouse/office/retail space with high visibility.
Where is this retail space located?
The property is located at 2700-2714 N Campbell Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime location in east Logan Square with easy access to I‑90/94 and public transportation.; High visibility from I‑90/94 (297k ADV) and Metra line, with potential for signage/billboard.; Versatile space with approximately 12,000 sf of warehouse and 6,600 sf of office/retail space.
