Halsted Retail Condos Near Whole
3629 N Halsted St, Chicago, IL 60613
Two retail condos in Chicago's Lakeview neighborhood, excellent frontage.
Type:Retail
Property size:
3,600 SFPrice / SF:
$254/SF- Added:
- Jul 12, 2023
- Days on Market:
- 1058
- Last Refresh:
- May 13 at 8:12 pm
Property Features for 3629 N Halsted St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Retail
Listing agent Theron May License #IL 471.019986
Listing office Imperial Realty Company
Listing date Jul 12, 2023
Source Crexi
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 Imperial Realty Company
HighLights
- Prime Lakeview location directly across from Whole Foods and near Addison CTA Red Line stop (Wrigleyville).
- High foot traffic location with a Walk Score of 97 (Walker's Paradise), Bike Score of 90, and Transit Score of 79.
- Two retail condos (1,600 & 2,000 sq ft) sold together with over 100 feet of frontage on North Halsted.
- High ceilings and two deeded parking spaces with interior access.
- Favorable demographics: high population density, high average household income, and high consumer spending.
- Formerly a med‑spa & stationary store with ample plumbing, offering turn‑key potential or easy customization.
Overview
Two retail condominium units are available for purchase, situated directly across from Whole Foods on North Halsted Street, between Addison and Waveland in Chicago’s Lakeview neighborhood. The property is located two blocks from the Addison CTA Red Line stop (Wrigleyville) and two blocks from the heart of North Halsted. The units, totaling 3,600 square feet, are sold together on one Tax PIN and feature soaring ceilings, two deeded parking spaces with interior access, and over 100 feet of frontage along North Halsted. The location has a walk score of 97, a bike score of 90, and a transit score of 79. The 2023 population projection within a 1-mile radius is 86,031, with an average household income of $114,506 and a total annual consumer spending of $1.495 billion. Formerly built out as a med-spa and stationary store with ample plumbing, the units can be turn-key or easily customizable to suit specific business needs.
Local Financial Insights For Office B
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 | $138.2k | $38.40 |
| − Vacancy | −$35.3k | −$9.79 |
| EGI | $103.0k | $28.61 |
| − OpEx | −$25.7k | −$7.15 |
| NOI | $77.2k | $21.46 |
3,600 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$965.5K – $1.29M
NOI $77,242 @ 7.0% cap · market cap 8.44%
Second Best
Retail
$711.5K
$622.6K – $830.1K
NOI $49,805 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,817 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Wispachat Wholesale
Big Box & Wholesale Store
BOYSTOWN
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6490525
- Latitude
- 41.9482587
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Two retail condos in Chicago's Lakeview neighborhood, excellent frontage.
Where is this retail space located?
The property is located at 3629 N Halsted St Chicago, IL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Prime Lakeview location directly across from Whole Foods and near Addison CTA Red Line stop (Wrigleyville).; High foot traffic location with a Walk Score of 97 (Walker's Paradise), Bike Score of 90, and Transit Score of 79.; Two retail condos (1,600 & 2,000 sq ft) sold together with over 100 feet of frontage on North Halsted.
