Mixed-Use Building with Retail
For Sale
$2,995,000
6 S Clark Street, Chicago, IL 60603
Ground-floor and lower-level space is vacant, while upper floors are leased.
Property Size18,306 SF
Lot Size0.09 Acres
Price / SF$163.61
Days on Market397
Property Features for 6 S Clark Street
General Information
Standard status
Active
Size
18,306 SF
Lot size
0.09 Acres
Property subtype
Commercial
Zoning
DC-16
Site & Location
Neighborhood
Loop
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$184,427
Building Details
Building Size
18,306 SF
Year Built
1874
Buildings
1
Stories
4
Units
4
Listing Agency:
Chicago Real Estate Resources
Listed By:
Steven Rapoport · License #471006648
(773) 327-9300
Source:
Fishmangroup
Added: Sep 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
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 Chicago Real Estate Resources
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 6 S. Clark Street, this 18,306-square-foot mixed-use building dates to 1874. Its ground floor contains 3,419 Sq. Ft. of retail space, with an additional 3,487 Sq. Ft. on the lower level. Both areas are vacant and in shell condition, with black iron equipment remaining from a prior restaurant occupancy. Floors 2 through 4 comprise 11,400 Sq. Ft. and are leased.
The property is across from Chase Tower in downtown Chicago and occupies a 4,108 Sq. Ft. lot. Zoning is DC-16. A rooftop cell antenna provides an additional source of income.
The property is across from Chase Tower in downtown Chicago and occupies a 4,108 Sq. Ft. lot. Zoning is DC-16. A rooftop cell antenna provides an additional source of income.
Key Highlights
- 3,419 Sq. Ft. of vacant ground‑floor retail space
- 3,487 Sq. Ft. lower level, also vacant and in shell condition
- Floors 2‑4 contain 11,400 Sq. Ft. and are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$253,260
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,065,200
$5.1M
Cap Rate 7%
$3,618,000
$3.6M
Cap Rate 9%
$2,814,000
$2.8M
Market Conditions
NOI Build-Up for 18,306 SF
Gross rent
$395.4K $21.60/SF
− Vacancy
−$33.6K −$1.84/SF
EGI
$361.8K $19.76/SF
− OpEx
−$108.5K −$5.93/SF
NOI
$253.3K $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%
$5,065,200
Cap Rate 7%
$3,618,000
Cap Rate 9%
$2,814,000
Alternative Uses
Best Use
Mixed Use
$4.41M
$3.86M – $5.15M
NOI $308,914 @ 7.0% cap · market cap 10.31%
Second Best
Retail
$3.62M
$3.17M – $4.22M
NOI $253,260 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,186 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
37,490
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 39%
Shops & Services 33%
Apparel 15%
Dining 13%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.4 miles
BP
Shops & Services
25,664 visits/mo
0.5 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.1 miles
McDonald's
Dining
9,419 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
4,367 visits/mo
0.5 miles
Demographics for 60603, IL
1,288
Population
984
Households
1.3
Avg Household Size
38
Median Age
92%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
12,880
Density / Sq Mi
$128,107
Median Household Income
$86,484
Median Earnings
$2,104
Median Rent
$608,100
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 - Ground-floor and lower-level space is vacant, while upper floors are leased.
Where is this mixed-use property located?
The property is located at 6 S Clark Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 3,419 Sq. Ft. of vacant ground‑floor retail space; 3,487 Sq. Ft. lower level, also vacant and in shell condition; Floors 2‑4 contain 11,400 Sq. Ft. and are leased
