Mixed-Use Storefront
For Sale
$684,900
2812-2814 W 55th St, Chicago, IL 60632
Storefront asset with COMMR zoning and convenient access to I-55 and Midway Airport.
Property Size5,250 SF
Price / SF$130.46
Days on Market208
Property Features for 2812-2814 W 55th St
General Information
Standard status
Active
Size
5,250 SF
Site & Location
Neighborhood
Gage Park
Building Details
Year Built
1937
Listing Agency:
Mid-America Realty & Investment
Listed By:
Christopher Wober · License #475208931
(630) 205-5637
Source:
Liveliferealty
Added: Apr 3
Changed: Oct 25
Last Checked: Oct 26 at 7:06PM
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 Mid-America Realty & Investment
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Investment Insights
Based on property information with market context.
This mixed-use storefront property is located at 2812-2814 West 55th Street in Chicago. The building dates to 1937 and is identified with COMMR zoning. Its storefront format provides a commercial-facing presence along West 55th Street, while the mixed-use classification supports the property’s broader positioning.
The property is approximately 10 minutes from I-55 and Midway Airport, providing access to major transportation connections and an established aviation hub. The site’s address and storefront configuration make it a distinct commercial property within the surrounding corridor.
The property is approximately 10 minutes from I-55 and Midway Airport, providing access to major transportation connections and an established aviation hub. The site’s address and storefront configuration make it a distinct commercial property within the surrounding corridor.
Key Highlights
- Mixed‑use storefront property at 2812‑2814 West 55th Street
- COMMR zoning designation
- Building constructed in 1937
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,492
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,840
$1.1M
Cap Rate 7%
$807,029
$807.0K
Cap Rate 9%
$627,689
$627.7K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$88.2K $16.80/SF
− Vacancy
−$7.5K −$1.43/SF
EGI
$80.7K $15.37/SF
− OpEx
−$24.2K −$4.61/SF
NOI
$56.5K $10.76/SF
Area
ZIP 60632
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,840
Cap Rate 7%
$807,029
Cap Rate 9%
$627,689
Alternative Uses
Best Use
Mixed Use
$1.24M
$1.08M – $1.44M
NOI $86,625 @ 7.0% cap · market cap 12.65%
Second Best
Retail
$807.0K
$706.2K – $941.5K
NOI $56,492 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,724 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
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Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Storefront asset with COMMR zoning and convenient access to I-55 and Midway Airport.
Where is this mixed-use property located?
The property is located at 2812-2814 W 55th St Chicago, IL.
What is the asking price?
The asking price for this property is $684,900.
What are key features of this property?
This property features: Mixed‑use storefront property at 2812‑2814 West 55th Street; COMMR zoning designation; Building constructed in 1937
