940 W Weed St, Chicago, IL
Trophy retail asset occupied by Joe’s on Weed.
- Added:
- Sep 1, 2025
- Days on Market:
- 284
- Last Refresh:
- May 20 at 8:24 pm
Property Features for 940 W Weed St
General Information
- Standard status
- Active
- Size
- 18,512 SF
- Lot size
- 0.20 Acres
- Property subtype
- RETAIL
Listing agent Joe Girardi
Listing office Mid-America Real Estate Group | Chicago (630) 954-7327
Listing date Sep 1, 2025
Source Moodyscre
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 Mid-America Real Estate Group | Chicago
HighLights
- Trophy retail asset
- Longstanding tenant: Joe’s on Weed
- Iconic live music venue, bar, and restaurant
- Opportunity to acquire
- Located at 940 West Weed Street
Overview
Local Financial Insights For Specialty 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 | $488.7k | $26.40 |
| − Vacancy | −$29.3k | −$1.58 |
| EGI | $459.4k | $24.82 |
| − OpEx | −$114.8k | −$6.20 |
| NOI | $344.5k | $18.61 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Шаурма укр кафе Hamburger — 1141 N Ashland Ave, Chicago, IL 60642
- Chopin Theatre — 1543 W Division St, Chicago, IL 60642
- Arabia Cafe Hookah Lounge — 1046 N Milwaukee Ave, Chicago, IL 60642
- Frontier — 1072 N Milwaukee Ave, Chicago, IL 60642
- Frosty's Christmas Bar Chicago — 809 W Evergreen Ave, Chicago, IL 60642
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6522
- Latitude
- 41.9101
