Mixed-Use Property with Retail
New
For Sale
$2,350,000
4800 N Central Avenue, Chicago, IL 60630
The commercial area supports retail, office, medical, and showroom occupancy.
Property Size5,000 SF
Price / SF$470
Days on Market2
Property Features for 4800 N Central Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Instut/To Develop
Zoning
COMMR
Site & Location
Neighborhood
Jefferson Park
Highway Access
Yes
Public Transit
Yes
Additional Details
Property Use
Mixed-Use/Retail
Taxes and HOA fees
Annual Taxes
$54,289
Amenities
City Street
150X163
0.56
Building Details
Year Built
1960
Stories
1
Listing Agency:
(224) 269-8556
Listed By:
Thomas Quigley
Source:
Michanarealestatesolutions
Added: Oct 29
Last Checked: Oct 29 at 2:35PM
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 Thomas Quigley
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 4800 N Central Avenue, this mixed-use property contains approximately 5,000 square feet of commercial space. The stated occupancy options include retail, office, medical, and showroom uses. The property was built in 1960 and is zoned COMMR.
The site covers 0.56 acres, with dimensions listed as 150X163. Nearby context includes neighborhood businesses and residential housing. I-90/94, CTA transit, and Metra access are identified as nearby transportation connections.
The site covers 0.56 acres, with dimensions listed as 150X163. Nearby context includes neighborhood businesses and residential housing. I-90/94, CTA transit, and Metra access are identified as nearby transportation connections.
Key Highlights
- Approximately 5,000 square feet of commercial space
- 0.56‑acre site with dimensions listed as 150X163
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,375
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,500
$1.7M
Cap Rate 7%
$1,205,357
$1.2M
Cap Rate 9%
$937,500
$937.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$15.0K −$3.00/SF
EGI
$135.0K $27.00/SF
− OpEx
−$50.6K −$10.13/SF
NOI
$84.4K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,500
Cap Rate 7%
$1,205,357
Cap Rate 9%
$937,500
Alternative Uses
Best Use
Mixed Use
$1.21M
$1.05M – $1.41M
NOI $84,375 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$988.2K
$864.7K – $1.15M
NOI $69,174 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Groceries 26%
Shops & Services 14%
Jewel-Osco
Groceries
36,735 visits/mo
0.1 miles
McDonald's
Dining
31,156 visits/mo
0.2 miles
Starbucks
Dining
18,621 visits/mo
0.1 miles
7-Eleven
Shops & Services
13,246 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
12,472 visits/mo
0.2 miles
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The commercial area supports retail, office, medical, and showroom occupancy.
Where is this mixed-use property located?
The property is located at 4800 N Central Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Approximately 5,000 square feet of commercial space; 0.56‑acre site with dimensions listed as 150X163; Built in 1960
