Corner Retail Building at Signalized
4411 N Kedzie Avenue Chicago, IL 60625
4411 N Kedzie Avenue, Chicago, IL, 60625
Contact for pricing
For Sale
Contact for pricing
For sale retail building on a signalized corner in a dense Albany Park retail corridor with nearby national and local tenants.
Property Size5,000 SF
Price / SF$151.80
Days on Market99
Property Features for 4411 N Kedzie Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1932
Listing agency
CENTURY 21 Circle
(773) 983-1553
Listed by
Mark Ahmad · License #IL 471007186
Source
Crexi
Added: Apr 15 Updated: Jul 20 at 6:26PM Checked: Jul 21 at 9:37AM
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 CENTURY 21 Circle
Investment Insights
Based on property information with market context.
This for-sale retail building is located at a corner, positioned at the Kedzie Ave. and Montrose Ave. traffic light intersection. The property offers approximately 5,000 square feet of retail space designed to accommodate a range of storefront and retail users within an active streetscape.
The site is presented in Chicago’s Albany Park neighborhood along an east commercial corridor characterized by dense retail and heavy traffic. The surrounding retail mix includes Walgreens, Starbucks, and Dunkin Donuts, along with restaurants and shops. The area is also described as within short access to Lake Shore Drive and minutes to interstates I-90/94 and O’Hare Airport.
The property is noted to be in B 2-3 zoning, a district described as supporting a wider variety of business types than other zoning categories, including shopping centers, large stores, retail storefronts, and apartment buildings with ground-floor retail.
The site is presented in Chicago’s Albany Park neighborhood along an east commercial corridor characterized by dense retail and heavy traffic. The surrounding retail mix includes Walgreens, Starbucks, and Dunkin Donuts, along with restaurants and shops. The area is also described as within short access to Lake Shore Drive and minutes to interstates I-90/94 and O’Hare Airport.
The property is noted to be in B 2-3 zoning, a district described as supporting a wider variety of business types than other zoning categories, including shopping centers, large stores, retail storefronts, and apartment buildings with ground-floor retail.
Key Highlights
- 1932‑built approx. 5,000 SF retail building on a signalized corner at Kedzie Ave. and Montrose Ave.
- B 2‑3 zoning allows a broader range of business types than other zoning districts, including retail and apartment buildings above ground‑floor.
- Located in a dense Albany Park retail corridor with heavy traffic and exposure at a traffic light intersection.
Local 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 | $108.0k | $21.60 |
| − Vacancy | −$9.2k | −$1.84 |
| EGI | $98.8k | $19.76 |
| − OpEx | −$29.6k | −$5.93 |
| NOI | $69.2k | $13.83 |
5,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$988.2K
$864.7K – $1.15M
NOI $69,174 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
T&J Sportswear Inc
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail building on a signalized corner in a dense Albany Park retail corridor with nearby national and local tenants.
Where is this retail space located?
The property is located at 4411 N Kedzie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 1932‑built approx. 5,000 SF retail building on a signalized corner at Kedzie Ave. and Montrose Ave.; B 2‑3 zoning allows a broader range of business types than other zoning districts, including retail and apartment buildings above ground‑floor.; Located in a dense Albany Park retail corridor with heavy traffic and exposure at a traffic light intersection.
