South Loop Mixed-Use
637 South Clark Street Chicago, IL 60605
637 South Clark Street, Chicago, IL, 60605
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For Sale
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Mixed-use property in South Loop, ideal for business location.
Property Size10,000 SF
Price / SF$225
Days on Market60
Property Features for 637 South Clark Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Mixed Use
Listing Agency
JOS. Cacciatore & Co. Real Estate
Listed by
Peter Cacciatore · License #IL
Source
Crexi
Added: May 22 Checked: Jul 16 at 7:22 am
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
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
Local Financial Insights For Mixed Use
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 | $300.0k | $30.00 |
| − Vacancy | −$30.0k | −$3.00 |
| EGI | $270.0k | $27.00 |
| − OpEx | −$101.3k | −$10.13 |
| NOI | $168.8k | $16.88 |
10,000 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.41M
$2.11M – $2.81M
NOI $168,750 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.71M
$4.13M – $5.50M
NOI $330,048 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BARKEYS
Pet Grooming Service
Similar For Sale Nearby
FAQs
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 South Clark Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: South Loop location; Business location
