Leased Retail
For Sale
Contact for pricing
3415 W PETERSON AVE, Chicago, IL 60659
Retail property with existing tenant leases and garages, located in a B3-1 zoning district.
Property Size4,688 SF
Price / SF$241.04
Days on Market53
Property Features for 3415 W PETERSON AVE
General Information
Standard status
Active
Size
4,688 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
B3-1
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$74,895
Building Details
Year Built
1950
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Triton Realty Group LLC
Listed By:
Matthew Fritzshall · License #IL 471.016941
(847) 778-8746
Source:
Crexi
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 20 at 7:51PM
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 Triton Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 3415 W Peterson Ave in Chicago includes existing tenant leases and garages. The building was constructed in 1950 and is situated within a B3-1 zoning district.
Key Highlights
- Existing tenants occupy the property under leases
- Garages are included with the leased property
- B3‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,858
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,160
$1.3M
Cap Rate 7%
$926,543
$926.5K
Cap Rate 9%
$720,644
$720.6K
Market Conditions
NOI Build-Up for 4,688 SF
Gross rent
$101.3K $21.60/SF
− Vacancy
−$8.6K −$1.84/SF
EGI
$92.7K $19.76/SF
− OpEx
−$27.8K −$5.93/SF
NOI
$64.9K $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%
$1,297,160
Cap Rate 7%
$926,543
Cap Rate 9%
$720,644
Alternative Uses
Best Use
Retail
$926.5K
$810.7K – $1.08M
NOI $64,858 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,727 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,108
Businesses Nearby
267k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Home Improvements & Furnishings 22%
Shops & Services 22%
Apparel 17%
The Home Depot
Home Improvements & Furnishings
59,396 visits/mo
0.5 miles
T.J. Maxx
Apparel
37,330 visits/mo
0.4 miles
McDonald's
Dining
34,098 visits/mo
0.2 miles
Five Below
Shops & Services
32,290 visits/mo
0.4 miles
Culver's
Dining
23,371 visits/mo
0.4 miles
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with existing tenant leases and garages, located in a B3-1 zoning district.
Where is this retail space located?
The property is located at 3415 W PETERSON AVE Chicago, IL.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Existing tenants occupy the property under leases; Garages are included with the leased property; B3‑1 zoning
