Mixed-Use Retail and Coin
3103-3109 N Cicero Ave Chicago, IL 60641
For Sale
Contact for pricing
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 Market255
Property Features for 3103-3109 N Cicero Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.28 Acres
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1925
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Nov 11, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:55PM
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
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 For Retail
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 | $151.2k | $21.60 |
| − Vacancy | −$12.9k | −$1.84 |
| EGI | $138.3k | $19.76 |
| − OpEx | −$41.5k | −$5.93 |
| NOI | $96.8k | $13.83 |
7,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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)
