Mixed-Use Building Near Wrigley
For Sale
$1,050,000
3814 N Clark St, Chicago, IL 60613
Mixed-use building with store and apartments near Wrigley Field.
Property Size4,800 SF
Price / SF$218.75
Days on Market215
Property Features for 3814 N Clark St
General Information
Standard status
Active
Size
4,800 SF
Site & Location
Neighborhood
Lakeview
Building Details
Year Built
1902
Listing Agency:
@properties Commercial
Listed By:
Stephen Grill
(312) 337-0200
Source:
Bktchicago
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 24 at 6:03PM
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 @properties Commercial
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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 mixed-use building is located two blocks from Wrigley Field. The first floor is currently an owner-operated liquor and convenience store. Above the store, there are two apartments, each featuring 3 bedrooms and 1 bathroom. A two-car garage is included, which can be used by the owner or rented out for additional income. The property size is 4800 square feet. The business is sold separately.
Key Highlights
- Mixed‑use building near Wrigley Field
- First floor liquor and convenience store
- Two income‑producing 3‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,338
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,760
$1.8M
Cap Rate 7%
$1,276,257
$1.3M
Cap Rate 9%
$992,644
$992.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$126.7K $26.40/SF
− Vacancy
−$7.6K −$1.58/SF
EGI
$119.1K $24.82/SF
− OpEx
−$29.8K −$6.20/SF
NOI
$89.3K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,760
Cap Rate 7%
$1,276,257
Cap Rate 9%
$992,644
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,338 @ 7.0% cap · market cap 8.51%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,423 @ 7.0% cap · market cap 15.09%
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
3,733
Businesses Nearby
207k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 28%
Groceries 22%
Apparel 9%
Raising Cane's Chicken Fingers
Dining
36,207 visits/mo
0.1 miles
BP
Shops & Services
32,347 visits/mo
0.5 miles
Jewel-Osco
Groceries
30,208 visits/mo
0.3 miles
Chick-fil-A
Dining
19,353 visits/mo
0.4 miles
Whole Foods Market
Groceries
16,040 visits/mo
0.5 miles
Demographics for 60613, IL
53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
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?
Mixed-use property - Mixed-use building with store and apartments near Wrigley Field.
Where is this mixed-use property located?
The property is located at 3814 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Mixed‑use building near Wrigley Field; First floor liquor and convenience store; Two income‑producing 3‑bedroom apartments
