Elston Avenue Retail/Showroom
3541-3545 Elston Ave Chicago, IL 60618
3541 N. Elston
Property size:
5,000 SFLot size:
0.28 AcresPrice / SF:
$260/SF- Added:
- Mar 27, 2026
- Days on Market:
- 108
- Last Refresh:
- Mar 27 at 4:24 pm
Property Features for 3541-3545 Elston Ave
General Information
- Standard status
- Active
- Property type
- Other retail properties, Banks, Showrooms, Retail properties & Spaces
- Size
- 5,000 SF
- Net Rentable
- 5,000 SF
- Class
- C
- Total Parking Spaces
- 25
- Elevators
- No
- Lot size
- 0.28 Acres
- Investment Type
- Redevelopment
Building Details
- Year Built
- 1924
- Year Renovated
- 2022
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing agent Michael (312) 446-5018
Listing office (312) 446-5018
Listing date Mar 27, 2026
Investment Insights
Based on property information with market context.
Located on Elston Avenue, this property offers a remodeled space suitable for various businesses. The location benefits from high traffic, with approximately 29,300 vehicles passing daily. The property features a 10' x 10' drive-in door for loading and includes parking space for 25 cars at the rear of the building. The C1-1 zoning allows for multiple uses, including wholesale plumbing or cabinet showroom, furniture store, daycare, dog daycare, veterinary services, artist workshop, body art/tattoo studio, employment agency, contractor office, restaurant, convenience store, liquor store, medical/dental office, barber shop, hair/nail salon, massage therapy, light equipment sales and rental, catering, and shared kitchen. The property has 5,000 square feet of space. It is located approximately 5 minutes from the Kennedy Expressway.
Local Financial Insights For Specialty 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 | $120.0k | $24.00 |
| − Vacancy | −$8.4k | −$1.68 |
| EGI | $111.6k | $22.32 |
| − OpEx | −$27.9k | −$5.58 |
| NOI | $83.7k | $16.74 |
5,000 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,700 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,922 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Other retail property - 3541 N. Elston
Where is this other retail property located?
The property is located at 3541-3545 Elston Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
