South Loop Mixed-Use
For Sale
Contact for pricing
637 S Clark Street, Chicago, IL 60605
Mixed-use property in South Loop, ideal for business location.
Property Size17,125 SF
Price / SF$300.73
Days on Market150
Property Features for 637 S Clark Street
General Information
Standard status
Active
Size
17,125 SF
Property subtype
Mixed Use
Zoning
DX-12 (downtown mixed-use)
Net Operating Income
$295,859
Site & Location
Neighborhood
Near North Side
Building Details
Buildings
2
Stories
4
Units
4
Tenancy
Multi
Listing Agency:
JOS. Cacciatore & Co. Real Estate
Listed By:
Peter Cacciatore · License #IL
(312) 264-6027
Source:
Crexi
Added: May 27
Changed: Oct 3
Last Checked: Oct 23 at 5:15AM
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 JOS. Cacciatore & Co. Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is located in the South Loop area. The property offers approximately 10,000 square feet of space, presenting an opportunity to establish a business in this location.
Key Highlights
- South Loop location
- Business location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,984
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,779,680
$5.8M
Cap Rate 7%
$4,128,343
$4.1M
Cap Rate 9%
$3,210,933
$3.2M
Market Conditions
NOI Build-Up for 17,125 SF
Gross rent
$513.8K $30.00/SF
− Vacancy
−$51.4K −$3.00/SF
EGI
$462.4K $27.00/SF
− OpEx
−$173.4K −$10.13/SF
NOI
$289.0K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,779,680
Cap Rate 7%
$4,128,343
Cap Rate 9%
$3,210,933
Alternative Uses
Best Use
Mixed Use
$4.13M
$3.61M – $4.82M
NOI $288,984 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.07M
$7.07M – $9.42M
NOI $565,207 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32,702
Businesses Nearby
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Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in South Loop, ideal for business location.
Where is this mixed-use property located?
The property is located at 637 S Clark Street Chicago, IL.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: South Loop location; Business location
