New Retail
For Sale
Contact for pricing
4414 North Kedzie Avenue, Chicago, IL 60625
Newly constructed space offers high ceilings, street exposure, and convenient access near transit, restaurants, and established retailers.
Property Size1,525 SF
Price / SF$0.02
Days on Market769
Property Features for 4414 North Kedzie Avenue
General Information
Standard status
Active
Size
1,525 SF
Total Parking Spaces
1
Zoning
RTAIL
Amenities
high ceilings
excellent street exposure
two entrance/exit options
Building Details
Year Built
2023
Stories
4
Listing Agency:
Jameson Sotheby's Int'l Realty
Listed By:
Christopher Johnson · License #475157019
(847) 650-9507
Source:
Compass
Added: Sep 10, 2024
Changed: Oct 17
Last Checked: Oct 16 at 10:37AM
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 Jameson Sotheby's Int'l Realty
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Investment Insights
Based on property information with market context.
Completed in 2023 and never occupied, this 1,525-square-foot storefront provides a new commercial setting with high ceilings, prominent street exposure, and two separate entrance and exit points. The property is zoned RTAIL and includes one garage parking space as part of the lease terms.
The address is near the Brown Line, CTA bus service, and a concentrated mix of restaurants, cafés, and retail destinations. Walgreens, McDonald's, and Starbucks are each within one block, adding established commercial activity to the immediate surroundings.
The address is near the Brown Line, CTA bus service, and a concentrated mix of restaurants, cafés, and retail destinations. Walgreens, McDonald's, and Starbucks are each within one block, adding established commercial activity to the immediate surroundings.
Key Highlights
- 1,525 sqft retail storefront completed in 2023
- Brand‑new space with no prior occupancy
- High ceilings and prominent street exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,098
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,960
$422.0K
Cap Rate 7%
$301,400
$301.4K
Cap Rate 9%
$234,422
$234.4K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$32.9K $21.60/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$30.1K $19.76/SF
− OpEx
−$9.0K −$5.93/SF
NOI
$21.1K $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%
$421,960
Cap Rate 7%
$301,400
Cap Rate 9%
$234,422
Alternative Uses
Best Use
Retail
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 75,350.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.0K
$629.2K – $838.9K
NOI $50,332 @ 7.0% cap · market cap 179,757.14%
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
2,132
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 18%
Home Improvements & Furnishings 3%
McDonald's
Dining
28,743 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,380 visits/mo
0.4 miles
Pantry
Shops & Services
1,813 visits/mo
0.2 miles
Golden Krust Caribbean Bakery and Grill
Dining
1,772 visits/mo
0.2 miles
Jays True Value
Home Improvements & Furnishings
1,216 visits/mo
0.2 miles
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- FTD — 4012 N Kimball Ave, Chicago, IL 60618
- Albany Park Blooms — 4009 N Albany Ave Suite back, Chicago, IL 60618
- Fely & Gaby Flower And Gifts Shop — 4644 N Kedzie Ave, Chicago, IL 60625
- Botanica Lucero Flowers — 4644 N Kedzie Ave, Chicago, IL 60625
Frequently Asked Questions
What type of property is this?
Storefront property - Newly constructed space offers high ceilings, street exposure, and convenient access near transit, restaurants, and established retailers.
Where is this storefront property located?
The property is located at 4414 North Kedzie Avenue Chicago, IL.
What are key features of this property?
This property features: 1,525 sqft retail storefront completed in 2023; Brand‑new space with no prior occupancy; High ceilings and prominent street exposure
