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Lakeview Commercial Condo Opportunity

4422 N Clark Street, Chicago, IL 60640

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For Sale

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Versatile 4,000 SF commercial condo in prime Lakeview location.

Type:Multifamily, Retail

Property size:

4,000 SF

Price / SF:

$324/SF

HighLights

Prime Lakeview location in a rapidly developing, high‑traffic area.
Versatile 4,000 SF commercial condo ideal for owner‑user or investment.
Three separately metered units with storefront entrances offer flexible subdivision.
Includes 4 deeded indoor parking spaces and 2 deeded outdoor spaces.
Features dramatic ceiling heights, modern track lighting, and a comprehensive security system.
Includes 3 finished bathrooms (one with tub/shower) and a kitchenette.

We can help!

Contact an agent

Edward Bohrer

Learn more

For Sale

Contact for pricing

Versatile 4,000 SF commercial condo in prime Lakeview location.

Type:Multifamily, Retail

Property size:

4,000 SF

Price / SF:

$324/SF

Added:: Feb 6, 2026
Days on Market:: 149
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 4422 N Clark Street

General Information

Standard status: Active
Size: 4,000 SF
Property subtype: Multifamily, Retail

Building Details

Year Built: 2008

We can help!

Contact an agent

Edward Bohrer

Listing office Ed Bohrer

Listing date Feb 6, 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 Ed Bohrer

HighLights

Prime Lakeview location in a rapidly developing, high‑traffic area.
Versatile 4,000 SF commercial condo ideal for owner‑user or investment.
Three separately metered units with storefront entrances offer flexible subdivision.
Includes 4 deeded indoor parking spaces and 2 deeded outdoor spaces.
Features dramatic ceiling heights, modern track lighting, and a comprehensive security system.
Includes 3 finished bathrooms (one with tub/shower) and a kitchenette.

Overview

This brick commercial condo offers approximately 4,000 SF of ground floor space in Lakeview. The layout features three storefront entrances and three separately metered units, providing flexibility to occupy the full footprint or subdivide for multiple income streams. The interior features ceiling heights, modern track lighting, and a comprehensive security system. It is currently configured as a sweeping, open-concept retail flagship. The property is suited for creative office, fitness, or high-end showroom use. The property includes 4 deeded indoor spaces and 2 deeded outdoor spaces, 3 finished bathrooms (including one full bath with tub/shower), and a kitchenette. It has frontage on the Clark Street corridor with high daily traffic counts.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $85,824 @ 7.0% cap · market cap 6.60%

Second Best

Retail

$790.6K

$691.7K – $922.3K (±1% cap)

NOI $55,339 @ 7.0% cap · market cap 4.26%

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,019 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

SS VINTAGE (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6665625
Latitude: 41.9623857

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For sale
Retail space
IL
Chicago
60640
4422 N Clark Street

What type of property is this?

Retail space - Versatile 4,000 SF commercial condo in prime Lakeview location.

Where is this retail space located?

The property is located at 4422 N Clark Street Chicago, IL.

What is the asking price?

The asking price for this property is $1,299,950.

What are key features of this property?

This property features: Prime Lakeview location in a rapidly developing, high‑traffic area.; Versatile 4,000 SF commercial condo ideal for owner‑user or investment.; Three separately metered units with storefront entrances offer flexible subdivision.