Street-Level Creative Office
C1-18 E Cullerton St Chicago, IL 60616
C1-18 E Cullerton St, Chicago, IL, 60616
$285,000
For Sale
$285,000
Bright, open-concept street-level unit with a front room, rear work area, bathroom, and small kitchen.
Property Size1,100 SF
Price / SF$259.09
Days on Market65
Property Features for C1-18 E Cullerton St
General Information
- Standard status
- Active
- Size
- 1,100 SF
Listing agency
Dream Town Real Estate
(773) 727-2199
Listed by
Nicole Hajdu · License #475130785
(773) 727-2199
Source
Exprealty
Added: May 18 Updated: Jul 20 at 4:45PM Checked: Jul 20 at 4:45PM
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 Dream Town Real Estate
Investment Insights
Based on property information with market context.
This bright, versatile street-level commercial space is designed with an open-concept layout. The unit features a spacious front room with abundant natural light, plus a rear work area that includes a well-appointed bathroom and a small kitchen. The configuration supports a range of creative and client-facing business uses, including art-focused operations, personal service concepts, studio settings, and professional office use.
The property is located in Chicago’s South Loop, positioned between State Street and Wabash Avenue with visibility and foot traffic.
The space is approximately 1,100 square feet and offers a clear separation between a front customer-facing area and a functional back-of-house work zone, making it practical for day-to-day operations.
The property is located in Chicago’s South Loop, positioned between State Street and Wabash Avenue with visibility and foot traffic.
The space is approximately 1,100 square feet and offers a clear separation between a front customer-facing area and a functional back-of-house work zone, making it practical for day-to-day operations.
Key Highlights
- Approximately 1,100 SF bright, open‑concept commercial space with street‑level access in Chicago’s South Loop
- Front room with abundant natural light and open layout for events or client‑facing business
- Rear includes a large work area plus a well‑appointed bathroom
Local Financial Insights For Office B
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 | $42.2k | $38.40 |
| − Vacancy | −$10.8k | −$9.79 |
| EGI | $31.5k | $28.61 |
| − OpEx | −$7.9k | −$7.15 |
| NOI | $23.6k | $21.46 |
1,100 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$337.2K
$295.0K – $393.4K
NOI $23,602 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.6K
$453.8K – $605.1K
NOI $36,305 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creative space
Similar For Sale Nearby
FAQs
What type of property is this?
Creative space - Bright, open-concept street-level unit with a front room, rear work area, bathroom, and small kitchen.
Where is this creative space located?
The property is located at C1-18 E Cullerton St Chicago, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Approximately 1,100 SF bright, open‑concept commercial space with street‑level access in Chicago’s South Loop; Front room with abundant natural light and open layout for events or client‑facing business; Rear includes a large work area plus a well‑appointed bathroom
