Updated Storefronts on Irving
5829 W Irving Park Road Chicago, IL 60634
5829 W Irving Park Road, Chicago, IL, 60634
$589,000
For Sale
$589,000
Three updated storefronts with high visibility and secure parking.
Property Size3,000 SF
Price / SF$196.33
Days on Market217
Property Features for 5829 W Irving Park Road
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing agency
GATEWAY REALTY LLC
(773) 775-4440
Listed by
WILLIAM DARLING
Source
Corcoran
Added: Dec 17, 2025 Updated: Jul 6 at 10:06AM Checked: Jul 22 at 7:50AM
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 GATEWAY REALTY LLC
Investment Insights
Based on property information with market context.
Three connected storefronts, each measuring 1,000 square feet, are available. Each unit features updated amenities, including a 100-amp electric service and a high-efficiency gas furnace and A/C system. The storefronts are equipped with thermopane glass and aluminum frames, finished floors, LED lighting, and network cabling. Nine securely lit parking spaces are located in the rear, accessible from the alley and protected by a 12-foot sliding gate and an 8-foot perimeter fence with barbed wire. Situated on Irving Park Road, the location offers high visibility and is near the Jesuit Millennium Center.
Key Highlights
- High‑visibility location on Irving Park Road, near the Jesuit Millennium Center (5000+ members).
- Three connected, updated storefront units (each 1000 sq ft) with modern amenities.
- Secure, lit parking for 9 vehicles with gated and fenced perimeter.
Local Financial Insights For Retail
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 | $64.8k | $21.60 |
| − Vacancy | −$5.3k | −$1.77 |
| EGI | $59.5k | $19.83 |
| − OpEx | −$17.8k | −$5.95 |
| NOI | $41.6k | $13.88 |
3,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$594.9K
$520.5K – $694.0K
NOI $41,640 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$818.0K
$715.8K – $954.4K
NOI $57,262 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Same day delivery Flower Delivery in Chicago / Luxury flowers Chicago — 5753 w dakin st, chicago, il 60634
- Bordo Flowers Chicago — 5849 W Irving Park Rd, Chicago, IL 60634
- Royal Flowers US — 5941 W Irving Park Rd, Chicago, IL 60634
- Dahlia Blooms — 5858 W Irving Park Rd, Chicago, IL 60634
- Paradise Flowers & Gifts — 5858 w irving park rd, chicago, il 60634
FAQs
What type of property is this?
Storefront property - Three updated storefronts with high visibility and secure parking.
Where is this storefront property located?
The property is located at 5829 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: High‑visibility location on Irving Park Road, near the Jesuit Millennium Center (5000+ members).; Three connected, updated storefront units (each 1000 sq ft) with modern amenities.; Secure, lit parking for 9 vehicles with gated and fenced perimeter.
