Two-Tenant Retail
620 W Roosevelt Road Chicago, IL 60607
620 W Roosevelt Road, Chicago, IL, 60607
$1,095,000
For Sale
$1,095,000
Stabilized retail property fully leased through August 2028 with two in-place tenants.
Property Size5,293 SF
Lot Size0.16 Acres
Price / SF$206.88
Days on Market84
Property Features for 620 W Roosevelt Road
General Information
- Standard status
- Active
- Size
- 5,293 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing agency
@properties Christie's International Real Estate
(773) 432-0200
Listed by
Nicole Hurt
(773) 432-0200
Source
Birdrealtysells
Added: Apr 30 Updated: Jul 22 at 3:44AM Checked: Jul 22 at 3:44AM
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 @properties Christie's International Real Estate
Investment Insights
Based on property information with market context.
Stabilized, income-producing two-tenant retail investment offering fully leased occupancy through August 2028. The property totals 5,293 SF and includes two established, long-tenured tenants. As structured, tenant tax stops at 2022/2023 base years, with pass-through of all Cook County property tax increases, and a structural cap on landlord exposure at approximately $29,520 annually through the lease term.
The property is positioned along the Roosevelt Road corridor in Chicago’s South Loop/Central Business District, benefiting from high-traffic frontage and visibility in a dense, employment- and transit-oriented submarket.
In addition to in-place income, the site includes DS-3 zoning on a 7,053 SF lot, supporting a potential hold-and-build and future redevelopment strategy.
The property is positioned along the Roosevelt Road corridor in Chicago’s South Loop/Central Business District, benefiting from high-traffic frontage and visibility in a dense, employment- and transit-oriented submarket.
In addition to in-place income, the site includes DS-3 zoning on a 7,053 SF lot, supporting a potential hold-and-build and future redevelopment strategy.
Key Highlights
- Two‑tenant retail investment with 5,293 SF, stabilized and fully leased through August 2028
- Year built 1958
- Located on the Roosevelt Road corridor in Chicago’s South Loop/Central Business District
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 | $114.3k | $21.60 |
| − Vacancy | −$9.7k | −$1.84 |
| EGI | $104.6k | $19.76 |
| − OpEx | −$31.4k | −$5.93 |
| NOI | $73.2k | $13.83 |
5,293 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$915.4K – $1.22M
NOI $73,228 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,694 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Frank's Alterations And Tailoring
(Bike/Boat/Book/etc) Store
Alterations
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- Strewn — 1827 S Halsted St, Chicago, IL 60608
FAQs
What type of property is this?
Storefront property - Stabilized retail property fully leased through August 2028 with two in-place tenants.
Where is this storefront property located?
The property is located at 620 W Roosevelt Road Chicago, IL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two‑tenant retail investment with 5,293 SF, stabilized and fully leased through August 2028; Year built 1958; Located on the Roosevelt Road corridor in Chicago’s South Loop/Central Business District
