Retail Suite in Shopping
For Sale
Contact for pricing
7323 W Irving Park Road #7323, Chicago, IL 60634
The suite is within Forest Preserve Plaza, a retail center with parking for customers and employees.
Property Size1,120 SF
Price / SF$0.02
Days on Market32
Property Features for 7323 W Irving Park Road #7323
General Information
Standard status
Active
Size
1,120 SF
Total Parking Spaces
45
Property subtype
Commercial
Site & Location
Neighborhood
North Side
Building Details
Year Built
1987
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(847) 510-5000
Listed By:
Marina Jacobson · License #475123876
(847) 361-5605
Source:
Helenoliveri
Added: Oct 1
Changed: Oct 28
Last Checked: Nov 1 at 3:15AM
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 Berkshire Hathaway HomeServices Chicago
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.
This 1,120-square-foot retail suite was built in 1987 and is located within Forest Preserve Plaza. The center has parking for 45 cars and includes businesses such as T-Mobile, ATI Physical Therapy, State Farm Insurance, and Jimmy John’s.
The property is at the corner of Irving Park Road and Forest Preserve Plaza in Chicago. Other businesses in the center include P&S Liquor & Convenience Store, Norridge Foot & Ankle Clinic, Happy Bobas, Ewa’s Salon, and National Vision.
The property is at the corner of Irving Park Road and Forest Preserve Plaza in Chicago. Other businesses in the center include P&S Liquor & Convenience Store, Norridge Foot & Ankle Clinic, Happy Bobas, Ewa’s Salon, and National Vision.
Key Highlights
- 1,120‑square‑foot retail suite
- Built in 1987
- Located within Forest Preserve Plaza at Irving Park Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,920
$310.9K
Cap Rate 7%
$222,086
$222.1K
Cap Rate 9%
$172,733
$172.7K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.2K $21.60/SF
− Vacancy
−$2.0K −$1.77/SF
EGI
$22.2K $19.83/SF
− OpEx
−$6.7K −$5.95/SF
NOI
$15.5K $13.88/SF
Area
ZIP 60634
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,920
Cap Rate 7%
$222,086
Cap Rate 9%
$172,733
Alternative Uses
Best Use
Retail
$222.1K
$194.3K – $259.1K
NOI $15,546 @ 7.0% cap · market cap 77,730.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.4K
$267.2K – $356.3K
NOI $21,378 @ 7.0% cap · market cap 106,890.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 12%
Office Supplies 10%
Apparel 5%
Michaels
Shops & Services
37,661 visits/mo
0.5 miles
Petco
Shops & Services
16,732 visits/mo
0.5 miles
Staples
Office Supplies
9,486 visits/mo
0.5 miles
Dollar General
Shops & Services
7,037 visits/mo
0.3 miles
KFC
Dining
6,088 visits/mo
0.3 miles
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - The suite is within Forest Preserve Plaza, a retail center with parking for customers and employees.
Where is this retail space located?
The property is located at 7323 W Irving Park Road #7323 Chicago, IL.
What are key features of this property?
This property features: 1,120‑square‑foot retail suite; Built in 1987; Located within Forest Preserve Plaza at Irving Park Road
