Mixed-Use Retail and Coin
For Sale
Contact for pricing
3103-3109 N Cicero Ave, Chicago, IL 60641
Turnkey mixed-use property with an owner-operated coin laundry, two stabilized retail tenants, and 19 rear parking spaces.
Property Size7,000 SF
Lot Size0.28 Acres
Price / SF$378.57
Days on Market346
Property Features for 3103-3109 N Cicero Ave
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
19
Lot size
0.28 Acres
Property subtype
Business for Sale, Retail
Zoning
B1-1
Occupancy
100%
Investment Type
Owner/User
Site & Location
Neighborhood
Kelvyn Park
Additional Details
Business Included
Yes
Building Details
Year Built
1925
Year Renovated
2022
Buildings
1
Stories
1
Units
3
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Nov 11, 2025
Changed: Oct 7
Last Checked: Oct 23 at 4:55AM
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 Chicago-Coldwell Banker Commercial NRT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey mixed-use commercial asset combines a high-performing, owner-operated coin laundry with two stabilized retail tenants. The property is approximately 8,000 SF and includes parking in the rear with 19 spaces, supporting everyday customer and tenant access. Income is diversified across three streams, with the laundry as the majority contributor and two additional retail tenant revenue streams supporting overall stability.
The building is positioned along the high-traffic Cicero Avenue corridor in Chicago, in a dense residential area where in-unit laundry access is limited. The asset is described as immediately cash-flowing with zero stabilization risk, reflecting in-place occupancy.
The property’s operating figures are provided as $468,600 in annual gross revenue and $290,403 in net SDE, reflecting a 62% operating margin. No single revenue source is reported to exceed 71%, supporting a balanced income mix across the laundry and retail components.
The building is positioned along the high-traffic Cicero Avenue corridor in Chicago, in a dense residential area where in-unit laundry access is limited. The asset is described as immediately cash-flowing with zero stabilization risk, reflecting in-place occupancy.
The property’s operating figures are provided as $468,600 in annual gross revenue and $290,403 in net SDE, reflecting a 62% operating margin. No single revenue source is reported to exceed 71%, supporting a balanced income mix across the laundry and retail components.
Key Highlights
- 1925 mixed‑use property with ~8,000 SF of space on a 12,310 SF lot
- Owner‑operated coin laundry is the majority income driver with two additional retail tenants
- Income includes $468,600 in annual gross revenue and $290,403 in net SDE (62% operating margin)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,844
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,880
$1.9M
Cap Rate 7%
$1,383,486
$1.4M
Cap Rate 9%
$1,076,044
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$151.2K $21.60/SF
− Vacancy
−$12.9K −$1.84/SF
EGI
$138.3K $19.76/SF
− OpEx
−$41.5K −$5.93/SF
NOI
$96.8K $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%
$1,936,880
Cap Rate 7%
$1,383,486
Cap Rate 9%
$1,076,044
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Turnkey mixed-use property with an owner-operated coin laundry, two stabilized retail tenants, and 19 rear parking spaces.
Where is this retail space located?
The property is located at 3103-3109 N Cicero Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 1925 mixed‑use property with ~8,000 SF of space on a 12,310 SF lot; Owner‑operated coin laundry is the majority income driver with two additional retail tenants; Income includes $468,600 in annual gross revenue and $290,403 in net SDE (62% operating margin)
