Street-Front Retail
2802 W Chicago Ave Chicago, IL 60622
For Sale
Contact for pricing
Flagship storefront at the base of a 2006 condominium with an expansive linear window line for street visibility.
Property Size1,400 SF
Price / SF$250
Days on Market119
Property Features for 2802 W Chicago Ave
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
Kawash Real Estate Group
(630) 337-9126
Listed By:
Gianni Davila · License #475216339
Source:
Crexi
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 5:44AM
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 Kawash Real Estate Group
Investment Insights
Based on property information with market context.
This 1,400 SF storefront is positioned for strong street presence at a hard corner. Located at the base of a premium 2006-built condominium, the space includes an expansive, linear window line that brings natural light into the interior and maintains a continuous visual connection to the sidewalk.
Set in the Humboldt Park / West Town corridor, the property sits on the corner of Chicago Ave and California Ave and is surrounded by dense residential population and local anchors. The location offers heavy vehicular traffic (24,000+ VPD) and immediate access to multiple CTA bus lines, supporting retail or service-oriented uses that benefit from dominant curb appeal and transit-adjacent exposure.
Set in the Humboldt Park / West Town corridor, the property sits on the corner of Chicago Ave and California Ave and is surrounded by dense residential population and local anchors. The location offers heavy vehicular traffic (24,000+ VPD) and immediate access to multiple CTA bus lines, supporting retail or service-oriented uses that benefit from dominant curb appeal and transit-adjacent exposure.
Key Highlights
- 1,400 SF retail storefront on the hard corner of Chicago Ave and California Ave
- Expansive linear window line for street visibility and natural light
- Located at the base of a 2006‑built condominium
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 | $30.2k | $21.60 |
| − Vacancy | −$2.6k | −$1.84 |
| EGI | $27.7k | $19.76 |
| − OpEx | −$8.3k | −$5.93 |
| NOI | $19.4k | $13.83 |
1,400 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Awaken Tattoo and Gallery
Tattoo & Piercing Shop
Similar Off Market Nearby
- InFlorEscence — 1001 N Western Ave, Chicago, IL 60622
- Larkspur — 333 N Oakley Blvd #101, Chicago, IL 60612
- Pistil & Vine — 807 N Campbell Ave, Chicago, IL 60622
- Plant place — 2545 W Division St, Chicago, IL 60622
- Honey Street Flowers — 319 N Albany Ave, Chicago, IL 60622
FAQs
What type of property is this?
Storefront property - Flagship storefront at the base of a 2006 condominium with an expansive linear window line for street visibility.
Where is this storefront property located?
The property is located at 2802 W Chicago Ave Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,400 SF retail storefront on the hard corner of Chicago Ave and California Ave; Expansive linear window line for street visibility and natural light; Located at the base of a 2006‑built condominium
