Retail Space with
For Sale
Contact for pricing
4137 S Cottage Grove Avenue, Chicago, IL 60653
Vanilla-box delivery includes an accessible washroom and dedicated storage.
Property Size2,560 SF
Price / SF$0.01
Days on Market20
Property Features for 4137 S Cottage Grove Avenue
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Commercial
Site & Location
Neighborhood
Oakland
Amenities
ADA-compliant washroom
dedicated storage room
Building Details
Year Built
2022
Listing Agency:
Jameson Commercial
(312) 216-8000
Listed By:
Barry Kadish · License #475148869
(312) 502-5297
Source:
Helenoliveri
Added: Oct 13
Changed: Oct 28
Last Checked: Nov 1 at 3:39AM
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 Jameson Commercial
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Investment Insights
Based on property information with market context.
This 2,560-square-foot retail suite occupies the ground level of a 50-unit apartment building completed in 2022. The space is delivered in vanilla-box condition and includes an ADA-compliant washroom and a separate storage room. Potential uses identified for the space include daycare, health club, office, and retail. The lease term is a minimum of five years.
The property is in Chicago’s Bronzeville neighborhood, with access to DuSable Lake Shore Drive. Street parking is available; the building has no on-site parking.
The property is in Chicago’s Bronzeville neighborhood, with access to DuSable Lake Shore Drive. Street parking is available; the building has no on-site parking.
Key Highlights
- 2,560‑square‑foot ground‑floor retail suite
- Located within a 50‑unit apartment building completed in 2022
- Vanilla‑box condition with an ADA‑compliant washroom and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,340
$708.3K
Cap Rate 7%
$505,957
$506.0K
Cap Rate 9%
$393,522
$393.5K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$55.3K $21.60/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$50.6K $19.76/SF
− OpEx
−$15.2K −$5.93/SF
NOI
$35.4K $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%
$708,340
Cap Rate 7%
$505,957
Cap Rate 9%
$393,522
Alternative Uses
Best Use
Retail
$506.0K
$442.7K – $590.3K
NOI $35,417 @ 7.0% cap · market cap 153,986.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,492 @ 7.0% cap · market cap 367,356.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Electronics 7%
Family Dollar
Shops & Services
16,354 visits/mo
0.3 miles
Dollar General
Shops & Services
13,526 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
2,144 visits/mo
0.1 miles
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Vanilla-box delivery includes an accessible washroom and dedicated storage.
Where is this retail space located?
The property is located at 4137 S Cottage Grove Avenue Chicago, IL.
What are key features of this property?
This property features: 2,560‑square‑foot ground‑floor retail suite; Located within a 50‑unit apartment building completed in 2022; Vanilla‑box condition with an ADA‑compliant washroom and dedicated storage
