Ground-Level Storefront
For Sale
$549,000
2836 N Southport Avenue, Chicago, IL 60657
Commercial Sale, Chicago, IL
Property Size1,900 SF
Lot Size0.07 Acres
Price / SF$288.95
Days on Market162
Property Features for 2836 N Southport Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Diversey North on Southport to Wolfram
Subdivision
CHI - Lake View
Standard status
Active
APN
14291250601001
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17227
Utilities
Cooling system
Central Air
Amenities
large storefront windows
independent HVAC
1.5 bathrooms
Building Details
Year built
2006
Floors in Building
4
Number of units
1
Building materials
Brick, Concrete
Roof type
Membrane
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Ana Osorio · License #475204338
(773) 370-1489
Added: Apr 27
Changed: Aug 19
Last Checked: Oct 5 at 7:06PM
MLS# 12627490
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.
Investment Insights
Based on property information with market context.
This ground-floor commercial condominium contains 1,900 SF and is delivered vacant for immediate occupancy or lease-up. The layout is described as adaptable for retail, office, medical, wellness, and service-oriented businesses. Large storefront windows provide natural light and exposure along Southport Avenue, while independent HVAC supports separate operating control. The unit includes 1.5 bathrooms, including one full bath.
The property is located at 2836 N Southport Avenue in Chicago’s Southport Corridor, within a retail and residential district featuring national brands, independent boutiques, and destination dining. Access to the Brown and Purple Lines adds a transit connection. The building was constructed in 2006 and includes brick and concrete construction, central air, and a membrane roof.
The property is located at 2836 N Southport Avenue in Chicago’s Southport Corridor, within a retail and residential district featuring national brands, independent boutiques, and destination dining. Access to the Brown and Purple Lines adds a transit connection. The building was constructed in 2006 and includes brick and concrete construction, central air, and a membrane roof.
Key Highlights
- 1,900 SF ground‑level commercial condominium
- Vacant delivery supports immediate occupancy or lease‑up
- Large storefront windows provide natural light and street exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,286
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,720
$525.7K
Cap Rate 7%
$375,514
$375.5K
Cap Rate 9%
$292,067
$292.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$41.0K $21.60/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$37.6K $19.76/SF
− OpEx
−$11.3K −$5.93/SF
NOI
$26.3K $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 Rate 5%
$525,720
Cap Rate 7%
$375,514
Cap Rate 9%
$292,067
Alternative Uses
Best Use
Retail
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,493
Businesses Nearby
186k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 30%
Shops & Services 28%
Home Improvements & Furnishings 2%
Jewel-Osco
Groceries
55,541 visits/mo
0.4 miles
McDonald's
Dining
36,369 visits/mo
0.3 miles
Shell
Shops & Services
14,072 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
12,035 visits/mo
0.3 miles
Shell
Shops & Services
9,185 visits/mo
0.3 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial condominium with broad storefront glazing, independent HVAC, and flexible retail, office, medical, wellness, or service potential.
Where is this storefront property located?
The property is located at 2836 N Southport Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,900 SF ground‑level commercial condominium; Vacant delivery supports immediate occupancy or lease‑up; Large storefront windows provide natural light and street exposure
