Ground-Level Retail
2836 N Southport Avenue #G Chicago, IL 60657
New
For Sale
$549,000
Ground-level commercial condo with storefront windows, 1.5 bathrooms, and independent HVAC on a busy Southport corridor.
Property Size1,900 SF
Price / SF$288.95
Days on Market3
Property Features for 2836 N Southport Avenue #G
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Ana Osorio
(888) 574-9405
Source:
Birdrealtysells
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 7:30AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This ground-level commercial condo is offered for sale as a flexible storefront space totaling 1,900 SF, delivered vacant and ready for immediate occupancy or lease-up. The unit features large storefront windows for natural light and street exposure, along with 1.5 bathrooms (including one full bath) and independent HVAC for tenant-level control.
The property is positioned along a high-traffic stretch of Southport Avenue and is described as part of a dense mix of residential and retail uses. It is zoned B1-2 and is located near access to the Brown and Purple Lines, supporting convenient transit access.
With its adaptable layout and zoning versatility, the space may suit a range of commercial uses, including retail, office, medical, wellness, or service-based businesses, subject to zoning and applicable requirements.
The property is positioned along a high-traffic stretch of Southport Avenue and is described as part of a dense mix of residential and retail uses. It is zoned B1-2 and is located near access to the Brown and Purple Lines, supporting convenient transit access.
With its adaptable layout and zoning versatility, the space may suit a range of commercial uses, including retail, office, medical, wellness, or service-based businesses, subject to zoning and applicable requirements.
Key Highlights
- 1,900 SF ground‑level commercial condo in a Southport Avenue retail corridor
- B1‑2 zoning allows for versatile commercial uses; flexible layout for a variety of business types
- Storefront windows for strong street exposure and abundant natural light
Financial Insights For Office B
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 | $73.0k | $38.40 |
| − Vacancy | −$18.6k | −$9.79 |
| EGI | $54.4k | $28.61 |
| − OpEx | −$13.6k | −$7.15 |
| NOI | $40.8k | $21.46 |
1,900 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$582.4K
$509.6K – $679.4K
NOI $40,766 @ 7.0% cap · market cap 7.43%
Second Best
Retail
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 4.79%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spanish Horizons
Language School
Similar Off Market Nearby
- Angels Cheeks Chicago Flower Shop — 1831 W Belmont Ave suite 1B, Chicago, IL 60657
- Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657
- Halsted Flowers, LLC — 2725 N Halsted St, Chicago, IL 60614
- Cattails Inc — 1434 W Fullerton Ave, Chicago, IL 60614
- Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
FAQs
What type of property is this?
Storefront property - Ground-level commercial condo with storefront windows, 1.5 bathrooms, and independent HVAC on a busy Southport corridor.
Where is this storefront property located?
The property is located at 2836 N Southport Avenue #G 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 condo in a Southport Avenue retail corridor; B1‑2 zoning allows for versatile commercial uses; flexible layout for a variety of business types; Storefront windows for strong street exposure and abundant natural light
