New Construction Retail
For Sale
Contact for pricing
5630 N Broadway, Chicago, IL 60660
B3-5-zoned space beside CTA rail service, with Broadway frontage and expansive display windows.
Property Size1,620 SF
Price / SF$259.26
Days on Market202
Property Features for 5630 N Broadway
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Retail
Zoning
B3-5
Lease Type
NN
Investment Type
Owner/User
Additional Details
Utilities to Site
Yes
Amenities
12-foot ceilings
ADA-compliant restroom
gas forced-air HVAC
200-amp three-phase electrical service
floor-to-ceiling storefront windows
Building Details
Year Built
2026
Buildings
1
Stories
4
Tenancy
Single
Listing Agency:
SVN | Chicago Commercial
Listed By:
Tim Rasmussen · License #IL 471001877
Source:
Crexi
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 5:34PM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This 1,620-square-foot retail storefront is new construction with 12-foot ceilings, an ADA-compliant restroom, gas forced-air HVAC, and 200-amp three-phase electrical service. Floor-to-ceiling windows face Broadway, bringing natural light into the space and presenting the storefront prominently along the corridor.
Located at 5630 N Broadway in Chicago’s Edgewater neighborhood, the property is adjacent to the remodeled Bryn Mawr CTA Red Line station. CTA bus routes operate along Broadway, while the Bryn Mawr and Thorndale Red Line stations provide rail access to Downtown Chicago and lakefront destinations. Nearby retail and service offerings include Whole Foods Market, CVS, Walgreens, neighborhood grocers, fitness studios, cafés, and local and international restaurants.
Located at 5630 N Broadway in Chicago’s Edgewater neighborhood, the property is adjacent to the remodeled Bryn Mawr CTA Red Line station. CTA bus routes operate along Broadway, while the Bryn Mawr and Thorndale Red Line stations provide rail access to Downtown Chicago and lakefront destinations. Nearby retail and service offerings include Whole Foods Market, CVS, Walgreens, neighborhood grocers, fitness studios, cafés, and local and international restaurants.
Key Highlights
- 1,620 SF of new‑construction retail space
- 12‑foot ceilings with floor‑to‑ceiling storefront windows
- 200‑amp three‑phase electrical service and gas forced‑air HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
$448.2K
Cap Rate 7%
$320,171
$320.2K
Cap Rate 9%
$249,022
$249.0K
Market Conditions
NOI Build-Up for 1,620 SF
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.
Gross rent
$35.0K $21.60/SF
− Vacancy
−$3.0K −$1.84/SF
EGI
$32.0K $19.76/SF
− OpEx
−$9.6K −$5.93/SF
NOI
$22.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
Cap Rate 7%
$320,171
Cap Rate 9%
$249,022
Alternative Uses
Best Use
Retail
$320.2K
$280.2K – $373.5K
NOI $22,412 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.8K
$668.4K – $891.1K
NOI $53,468 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,635
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 42%
Dining 6%
Electronics 3%
Whole Foods Market
Groceries
38,840 visits/mo
0.5 miles
Shell
Shops & Services
22,949 visits/mo
0.1 miles
Chase Bank
Shops & Services
9,088 visits/mo
0.1 miles
Dollar General
Shops & Services
4,604 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
3,305 visits/mo
0.4 miles
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B3-5-zoned space beside CTA rail service, with Broadway frontage and expansive display windows.
Where is this storefront property located?
The property is located at 5630 N Broadway Chicago, IL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,620 SF of new‑construction retail space; 12‑foot ceilings with floor‑to‑ceiling storefront windows; 200‑amp three‑phase electrical service and gas forced‑air HVAC
