First-Floor Retail
For Sale
$100,000
30 E Huron Street 02-com04, Chicago, IL 60611
Street-level suite in a mixed-use building with direct customer access.
Property Size200 SF
Price / SF$500
Days on Market44
Property Features for 30 E Huron Street 02-com04
General Information
Standard status
Active
Size
200 SF
Additional Details
Floor
Ground
Building Details
Year Built
1980
Listing Agency:
Compass
Listed By:
Steve Rollins · License #475125393
(847) 306-6158
Source:
Grandviewrealtyservices
Added: Jul 21
Changed: Aug 28
Last Checked: Sep 1 at 9:10PM
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 Compass
Investment Insights
Based on property information with market context.
This approximately 200-square-foot commercial suite occupies the first floor of a mixed-use building constructed in 1980. The space was formerly used as a dry cleaner and offers a compact footprint for a retail, office, studio, or service-oriented operation.
The property is at 30 E Huron Street in Chicago’s River North area, near Michigan Avenue, public transportation, dining, and shopping. Surrounding residential buildings, offices, hotels, and retailers contribute to an active urban setting, while the street-level position supports convenient entry for customers and clients.
The property is at 30 E Huron Street in Chicago’s River North area, near Michigan Avenue, public transportation, dining, and shopping. Surrounding residential buildings, offices, hotels, and retailers contribute to an active urban setting, while the street-level position supports convenient entry for customers and clients.
Key Highlights
- Approximately 200 sq ft of first‑floor commercial space
- Street‑level access at 30 E Huron Street
- Located in a mixed‑use building constructed in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$85,820
$85.8K
Cap Rate 7%
$61,300
$61.3K
Cap Rate 9%
$47,678
$47.7K
Market Conditions
NOI Build-Up for 200 SF
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.
Gross rent
$7.7K $38.40/SF
− Vacancy
−$2.0K −$9.79/SF
EGI
$5.7K $28.61/SF
− OpEx
−$1.4K −$7.15/SF
NOI
$4.3K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$85,820
Cap Rate 7%
$61,300
Cap Rate 9%
$47,678
Alternative Uses
Best Use
Office B
$61.3K
$53.6K – $71.5K
NOI $4,291 @ 7.0% cap · market cap 4.29%
Second Best
Retail
$39.5K
$34.6K – $46.1K
NOI $2,767 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$94.3K
$82.5K – $110.0K
NOI $6,601 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level suite in a mixed-use building with direct customer access.
Where is this retail space located?
The property is located at 30 E Huron Street 02-com04 Chicago, IL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Approximately 200 sq ft of first‑floor commercial space; Street‑level access at 30 E Huron Street; Located in a mixed‑use building constructed in 1980
