Retail Condominium with Prime Street
For Sale
Contact for pricing
4420-28 N Clark St, Chicago, IL 60640
Modern retail condominium with 40 feet of Clark Street frontage, 10-foot clear ceilings, and six deeded parking spaces.
Property Size4,000 SF
Price / SF$298.75
Days on Market11
Property Features for 4420-28 N Clark St
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
6
Property subtype
Retail
Zoning
B1-2
Additional Details
Frontage
40 ft
Amenities
contemporary track lighting
monitored security system
three separate entrances
three finished restrooms
kitchenette
separate utility metering
Building Details
Year Built
2008
Listing Agency:
Mark Weiss
Listed By:
Mark B Weiss · License #IL 471007694
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 31 at 3:14PM
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 Mark Weiss
Investment Insights
Based on property information with market context.
4420-28 N. Clark Street is a modern 4,000-square-foot retail condominium built in 2008, designed with an expansive open floor plan for flexible merchandising and tenant layouts. The space features approximately 10-foot clear ceiling heights, contemporary track lighting, and a monitored security system. It includes three separate entrances, three finished restrooms, and a convenient kitchenette. The property also has separate utility metering, supporting the option to subdivide into as many as three individual commercial suites.
The asset benefits from 40 feet of prime frontage along Clark Street, positioned in Chicago’s Andersonville/Uptown commercial corridor with pedestrian activity and strong vehicle traffic. Zoned B1-2 Neighborhood Shopping District, the space is set up to accommodate a wide range of neighborhood-oriented commercial uses.
Six deeded parking spaces support customer and employee access, including four indoor garage spaces and two exterior spaces.
The asset benefits from 40 feet of prime frontage along Clark Street, positioned in Chicago’s Andersonville/Uptown commercial corridor with pedestrian activity and strong vehicle traffic. Zoned B1-2 Neighborhood Shopping District, the space is set up to accommodate a wide range of neighborhood-oriented commercial uses.
Six deeded parking spaces support customer and employee access, including four indoor garage spaces and two exterior spaces.
Key Highlights
- 4,000‑square‑foot retail condominium constructed in 2008
- 40 feet of Clark Street frontage
- Approximately 10‑foot clear ceiling heights
Financial Insights For Office B
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 | $153.6k | $38.40 |
| − Vacancy | −$39.2k | −$9.79 |
| EGI | $114.4k | $28.61 |
| − OpEx | −$28.6k | −$7.15 |
| NOI | $85.8k | $21.46 |
4,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,824 @ 7.0% cap · market cap 7.18%
Second Best
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Modern retail condominium with 40 feet of Clark Street frontage, 10-foot clear ceilings, and six deeded parking spaces.
Where is this retail space located?
The property is located at 4420-28 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 4,000‑square‑foot retail condominium constructed in 2008; 40 feet of Clark Street frontage; Approximately 10‑foot clear ceiling heights
