Ground-Floor Retail Condo
4144 N Sheridan Rd Chicago, IL 60613
For Sale
Contact for pricing
Four individual ground-floor retail units are available for sale, with income already in place for three units.
Property Size900 SF
Price / SF$188.89
Days on Market188
Property Features for 4144 N Sheridan Rd
General Information
Standard status
Active
Size
900 SF
Property subtype
RETAIL
Listing Agency:
SVN | Chicago - Corporate
(312) 529-5791
Listed By:
Wayne Caplan · License #475132248
Source:
Moodyscre
Added: Jan 22
Changed: Jul 26
Last Checked: Jul 28 at 2:03PM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This ground-floor retail condo building includes four separate commercial units totaling 4,320 SF. Unit sizes are approximately 1,020 SF, 900 SF, 900 SF, and 1,500 SF, and the units may be purchased individually or as a whole. Existing income is already in place from three of the four units, providing immediate occupancy history for investors.
The property is located at 4144 N Sheridan Rd in Chicago. Units C1 and C2 are also available for lease at $20/SF NNN.
For buyers considering a flexible strategy, the offering supports both single-unit acquisition and full-building ownership across multiple retail configurations.
The property is located at 4144 N Sheridan Rd in Chicago. Units C1 and C2 are also available for lease at $20/SF NNN.
For buyers considering a flexible strategy, the offering supports both single-unit acquisition and full-building ownership across multiple retail configurations.
Key Highlights
- 4,320 SF ground‑floor commercial condo building with four individual retail units
- Unit sizes: ±1,020 SF, 900 SF, 900 SF, and 1,500 SF; units can be purchased individually or as a whole
- Existing income in place from three of the four units
Financial Insights For 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 | $19.4k | $21.60 |
| − Vacancy | −$1.7k | −$1.84 |
| EGI | $17.8k | $19.76 |
| − OpEx | −$5.3k | −$5.93 |
| NOI | $12.5k | $13.83 |
900 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$177.9K
$155.6K – $207.5K
NOI $12,451 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Four individual ground-floor retail units are available for sale, with income already in place for three units.
Where is this retail space located?
The property is located at 4144 N Sheridan Rd Chicago, IL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 4,320 SF ground‑floor commercial condo building with four individual retail units; Unit sizes: ±1,020 SF, 900 SF, 900 SF, and 1,500 SF; units can be purchased individually or as a whole; Existing income in place from three of the four units
