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    Versatile Warehouse/Office/Retail Space Available Title is generated by Realmo AI

    2700 N Campbell Avenue, Chicago, IL 60647

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    COMMERCIAL - Chicago, IL

    Type:Office
    Added:
    Nov 10, 2022
    Days on Market:
    1290
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 2700 N Campbell Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    OFFIC
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1909
    Floors in Building
    1

    We can help!

    Listing Contact
    Jason Hiller
    Jason Hiller

    Listing agent Jason Hiller License #475158547

    Listing office Jameson Sotheby's Intl Realty 425 W. North Ave. suite 1, Chicago, IL

    Listing date Nov 10, 2022

    MLS# 11670975

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in East Logan Square with easy access to I‑90/94 and Metra.
    • Versatile 16,633 SF space comprised of warehouse, office, and retail areas.
    • High ceilings with variant 12' to 23' ceiling heights throughout.
    • Features 3 drive‑in bay doors and 1 flush loading dock.
    • Signage/Billboard potential with opportunity for building signage and/or cell tower.
    • High Retail Frontage: Roughly 200' of retail frontage.

    Overview

    Available for lease is a 16,633 square foot commercial space suitable for warehouse, office, or retail use, situated in East Logan Square. The building, originally constructed in 1909, 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 layout allows for up to 12 offices and roughly 200 feet of retail frontage. Access is facilitated by three drive-in bay doors and one flush loading dock. Parking options include garage parking across the street and street parking. The property benefits from its location with easy access to I-90/94 and the Metra Union Pacific Northwest Line. It is located adjacent to Maplewood Brewery & Kitchen, and within walking distance of Target, Home Depot, Regal Cinema North, and XSport Fitness. There is potential for signage or a billboard on the building and/or an affixed cell tower.
    Property Profile Location Intelligence

    Current Use by Public Records

    Canine Perspective Dog ... Kennel & Boarding Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6906446
    Latitude
    41.9305009

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    FAQs

    What type of property is this?
    Warehouse - 16,633 SF warehouse/office/retail space in East Logan Square.
    Where is this warehouse located?
    The property is located at 2700 N Campbell Avenue Chicago, IL.
    What are key features of this property?
    This property features: Prime location in East Logan Square with easy access to I‑90/94 and Metra.; Versatile 16,633 SF space comprised of warehouse, office, and retail areas.; High ceilings with variant 12' to 23' ceiling heights throughout.
    (312) 335-3291
    We can help!
    Listing Contact
    Jason Hiller
    Jason Hiller
    Real Estate License ID: 475158547
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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