Vacant Retail
For Sale
$899,000
4848 N Sheridan Road, Chicago, IL 60640
Open commercial layout accommodates retail, medical, fitness, and service-oriented uses.
Property Size5,257 SF
Price / SF$171.01
Days on Market177
Property Features for 4848 N Sheridan Road
General Information
Standard status
Active
Size
5,257 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$14,728
Building Details
Building Size
5,257 SF
Year Built
1970
Listing Agency:
Kawash Group 630-340-1985 Overview Other property details Taxes $14,728 Tax Frequency Annually Association Fee Frequency Yearly Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Nader Kawash with Kawash Group 630-340-1985
Listed By:
Nader Kawash
Source:
Dawnmckennagroup
Added: Apr 23
Changed: Sep 30
Last Checked: Oct 15 at 8:29AM
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 Kawash Group 630-340-1985 Overview Other property details Taxes $14,728 Tax Frequency Annually Association Fee Frequency Yearly Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Nader Kawash with Kawash Group 630-340-1985
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Investment Insights
Based on property information with market context.
This vacant retail property contains 5,257 square feet and offers a flexible interior arrangement for a range of commercial applications. The space can support retail, medical, fitness, or service uses, making it suitable for an owner-user or an investment strategy. The building was constructed in 1970.
Positioned on N Sheridan Rd in Chicago, the property benefits from reported foot and vehicle traffic. Its established retail format and adaptable layout provide a practical foundation for occupancy by businesses requiring customer access and a configurable commercial environment.
Positioned on N Sheridan Rd in Chicago, the property benefits from reported foot and vehicle traffic. Its established retail format and adaptable layout provide a practical foundation for occupancy by businesses requiring customer access and a configurable commercial environment.
Key Highlights
- 5,257 SF of retail space
- Flexible layout for retail, medical, fitness, or service uses
- Vacant possession available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,730
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,454,600
$1.5M
Cap Rate 7%
$1,039,000
$1.0M
Cap Rate 9%
$808,111
$808.1K
Market Conditions
NOI Build-Up for 5,257 SF
Gross rent
$113.6K $21.60/SF
− Vacancy
−$9.7K −$1.84/SF
EGI
$103.9K $19.76/SF
− OpEx
−$31.2K −$5.93/SF
NOI
$72.7K $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%
$1,454,600
Cap Rate 7%
$1,039,000
Cap Rate 9%
$808,111
Alternative Uses
Best Use
Retail
$1.04M
$909.1K – $1.21M
NOI $72,730 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,506 @ 7.0% cap · market cap 19.30%
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
3,539
Businesses Nearby
255k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 34%
Groceries 28%
Home Improvements & Furnishings 4%
Mariano's
Groceries
38,415 visits/mo
0.5 miles
Aldi
Groceries
32,487 visits/mo
0.5 miles
McDonald's
Dining
30,355 visits/mo
0.3 miles
McDonald's
Dining
27,614 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,696 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Open commercial layout accommodates retail, medical, fitness, and service-oriented uses.
Where is this retail space located?
The property is located at 4848 N Sheridan Road Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,257 SF of retail space; Flexible layout for retail, medical, fitness, or service uses; Vacant possession available
