1449 W Irving Park Rd Chicago, IL 60613
1449 W Irving Park Rd, Chicago, IL, 60613
Contact for pricing
For Sale
Contact for pricing
Retail space
Property Size850 SF
Price / SF$151.76
Days on Market690
Property Features for 1449 W Irving Park Rd
General Information
- Standard status
- Active
- Size
- 850 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2005
Listing Agency
Imperial Realty Company
(773) 736-6461
Listed by
Theron May · License #IL 471.019986
Source
Crexi
Added: Aug 29, 2024 Checked: Jul 17 at 8:59 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 Imperial Realty Company
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on Irving Park with 45,000 vehicles per day.
- Strong demographics: high population density, high average household income, and high consumer spending.
- Versatile space suitable for retail, medical, or office use.
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 | $18.4k | $21.60 |
| − Vacancy | −$1.6k | −$1.84 |
| EGI | $16.8k | $19.76 |
| − OpEx | −$5.0k | −$5.93 |
| NOI | $11.8k | $13.83 |
850 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$260.5K
$228.0K – $304.0K
NOI $18,238 @ 7.0% cap · market cap 14.14%
Second Best
Retail
$168.0K
$147.0K – $196.0K
NOI $11,760 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,054 @ 7.0% cap · market cap 21.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1449 W Irving ...
Parking Lot & Garage
KnowNow Health - Lakeview
Medical Clinic
Keaney Construction
Construction Company
Similar For Sale Nearby
FAQs
Where is this retail space located?
The property is located at 1449 W Irving Park Rd Chicago, IL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: High‑traffic location on Irving Park with 45,000 vehicles per day.; Strong demographics: high population density, high average household income, and high consumer spending.; Versatile space suitable for retail, medical, or office use.
