For-Sale Retail Storefront
For Sale
$749,900
2702 W Cermak Road, Chicago, IL 60608
Retail storefront property for sale, located on the north side of Cermak Road.
Days on Market9
Property Features for 2702 W Cermak Road
General Information
Standard status
Active
Property subtype
Business Opportunity
Amenities
Central Air
Building Details
Building Size
3,080 SF
Listing Agency:
Acevedo Realty Group, Inc.
(312) 719-1100
Listed By:
Jovita Acevedo · License #471003923
(312) 719-1100
Source:
Evrealestate
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 30 at 6:56AM
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 Acevedo Realty Group, Inc.
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is positioned along W Cermak Road, with the site located on the north side of the street. The property falls within the Western Avenue (North/South) to Cermak Road access route, with the listing directions indicating the location after turning west toward the 2702 address.
Additional details regarding the building’s layout, size, condition, or improvements are not provided in the available information, so prospective buyers should confirm specifics during due diligence.
Additional details regarding the building’s layout, size, condition, or improvements are not provided in the available information, so prospective buyers should confirm specifics during due diligence.
Key Highlights
- Retail storefront property for sale on the north side of Cermak Road
- Central air conditioning
- Directions: from Western North or South to Cermak Rd (22nd Street), then west to 2702
Financial Insights For Retail
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 | $66.5k | $21.60 |
| − Vacancy | −$5.7k | −$1.84 |
| EGI | $60.9k | $19.76 |
| − OpEx | −$18.3k | −$5.93 |
| NOI | $42.6k | $13.83 |
3,080 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$608.7K
$532.6K – $710.2K
NOI $42,611 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,655 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,802
Businesses Nearby
133k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 46%
Electronics 1%
Dollar Tree
Shops & Services
29,998 visits/mo
0.3 miles
Church's Chicken
Dining
13,470 visits/mo
0.0 miles
Little Caesars Pizza
Dining
13,456 visits/mo
0.2 miles
BP
Shops & Services
13,154 visits/mo
0.5 miles
Burger King
Dining
11,075 visits/mo
0.4 miles
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Franky’s Flower & Design — 2709 W Cermak Rd, Chicago, IL 60608
- Campo Santo — 2901 W Cermak Rd, Chicago, IL 60623
- Albany Florist — 2558 S Albany Ave, Chicago, IL 60623
- Dionicio Flower Shop — 2242 S Kedzie Ave, Chicago, IL 60623
- Wishing Well Florist LLC — 2443 W 16th St, Chicago, IL 60608
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property for sale, located on the north side of Cermak Road.
Where is this storefront property located?
The property is located at 2702 W Cermak Road Chicago, IL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Retail storefront property for sale on the north side of Cermak Road; Central air conditioning; Directions: from Western North or South to Cermak Rd (22nd Street), then west to 2702
