Prime Commercial Property on Kedzie
4150 N Kedzie Ave, Chicago, IL 60618
Turn-key commercial property with high visibility and extensive renovations.
Type:Retail
Property size:
8,000 SFPrice / SF:
$248/SF- Added:
- Feb 3, 2026
- Days on Market:
- 108
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4150 N Kedzie Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Retail
Listing agent Roger Luri License #471016642
Listing office luri properties
Listing date Feb 3, 2026
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 luri properties
HighLights
- High‑visibility location on Kedzie Avenue with massive frontage across five contiguous lots in a high‑traffic area.
- Turn‑key ~8,000 sq. ft. facility, extensively renovated and currently operating as an Electrical Supply business.
- Opportunity for division and leaseback.
- State‑of‑the‑art surveillance system with over 50 cameras for total site monitoring.
- Premium staff amenities including a full kitchen and three completely remodeled bathrooms (two with showers).
- 800A 3Phase 240V Electrical service.
Overview
This commercial property is prominently situated on Kedzie Avenue, encompassing five contiguous lots. The location provides substantial frontage and high visibility within a high-traffic area. The property, currently operating as an electrical supply business, features an approximately 8,000 sq. ft. facility that has undergone extensive renovations. It is presented as a turn-key opportunity for an owner-operator or investor. The property could be divided, offering a potential leaseback opportunity. A state-of-the-art surveillance system, equipped with over 50 cameras, provides comprehensive site monitoring. The facility includes premium staff amenities such as a full kitchen and three remodeled bathrooms, two of which include showers. The electrical service is 800A 3Phase 240V.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.25M
NOI $112,523 @ 9.00% cap · cautious / downside scenario
Moderate
$1.61M
NOI $112,523 @ 7.00% cap · market / base-case scenario
Aggressive
$2.25M
NOI $112,523 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.7k | $21.96 |
| − Vacancy | −$14.9k | −$1.87 |
| EGI | $160.7k | $20.09 |
| − OpEx | −$48.2k | −$6.03 |
| NOI | $112.5k | $14.07 |
8,000 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,523 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,676 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Grant Electric Supply, ...
Building Supply
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7086283
- Latitude
- 41.957081
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Turn-key commercial property with high visibility and extensive renovations.
Where is this retail space located?
The property is located at 4150 N Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: High‑visibility location on Kedzie Avenue with massive frontage across five contiguous lots in a high‑traffic area.; Turn‑key ~8,000 sq. ft. facility, extensively renovated and currently operating as an Electrical Supply business.; Opportunity for division and leaseback.
