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Mixed-Use Property with Storefront
New
For Sale
$375,000

2915 W Cermak Rd, Chicago, IL 60623

Occupied commercial and residential components offer a compact configuration along W Cermak Rd.

Property Size5,760 SF
Price / SF$65.10
Days on Market4

Property Features for 2915 W Cermak Rd

General Information

Standard status Active
Size 5,760 SF

Building Details

Year Built 1913
Listing Agency: Real Broker LLC
Listed By: David Mishel · License #475159283
Source: Saladinosells
Added: Aug 30 Changed: Aug 31 Last Checked: Sep 1 at 11:12PM

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 Real Broker LLC

Investment Insights

Based on property information with market context.

This 5,760-square-foot mixed-use building, constructed in 1913, combines a commercial storefront with a one-bedroom, one-bath apartment. The commercial area features 14-foot ceilings and has received light renovations, including interior paint, a new bathroom, LED lighting, serviced furnace equipment, rear tuckpointing, and tempered glass windows at the front. The apartment includes updated paint, hardwood flooring, plumbing, bathroom fixtures, kitchen fixtures, and appliances.

Both components are occupied under existing leases, with the commercial lease ending 01/2028 and the apartment lease ending 08/2026. The property contains 1.5 bathrooms overall and a roughly 400-square-foot unfinished half basement. No parking is included. The building is located at 2915 W Cermak Rd in Chicago, IL 60623.

Key Highlights

  • 5,760‑square‑foot mixed‑use building at 2915 W Cermak Rd, Chicago, IL 60623
  • Commercial space with 14 ft ceilings and an occupied lease ending 01/2028
  • One‑bedroom, one‑bath apartment with an occupied lease ending 08/2026

Property Analytics

Current Use

Dr Khalid & Associates Dental Office LORIN ARCHITECTURE GROUP Architecture Firm Bautista Antonio MD Physician Khalid Carl M ... Dental Office Ng Wayne DDS Dental Office

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Nursing Home HVAC Service Veterinary Clinic Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,786
Businesses Nearby
58k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 36% Electronics 3%
BP Shops & Services
16,196 visits/mo 0.2 miles
Church's Chicken Dining
13,470 visits/mo 0.3 miles
Dunkin' Donuts Dining
10,845 visits/mo 0.2 miles
Panda Express Dining
9,349 visits/mo 0.5 miles
U.S. Bank Shops & Services
3,754 visits/mo 0.2 miles

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Occupied commercial and residential components offer a compact configuration along W Cermak Rd.
Where is this mixed-use property located?
The property is located at 2915 W Cermak Rd Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,760‑square‑foot mixed‑use building at 2915 W Cermak Rd, Chicago, IL 60623; Commercial space with 14 ft ceilings and an occupied lease ending 01/2028; One‑bedroom, one‑bath apartment with an occupied lease ending 08/2026
More about this property
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