Street-Level Retail and Office
For Sale
$385,000
C3-2633 W Bryn Mawr Ave, Chicago, IL 60660
Large open retail/office space includes display windows, central HVAC, a bathroom, and two rear parking spaces.
Property Size2,516 SF
Price / SF$153.02
Days on Market238
Property Features for C3-2633 W Bryn Mawr Ave
General Information
Standard status
Active
Size
2,516 SF
Total Parking Spaces
2
Zoning
B2-3
Taxes and HOA fees
Annual Taxes
$6,180
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(312) 944-8900
Listed By:
Emir Vulic · License #475170306
(312) 731-3394
Source:
Exprealty
Added: Feb 26
Changed: Oct 14
Last Checked: Oct 21 at 1:31AM
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 street-level commercial space offers a large open layout with substantial lower-level storage, plus large display windows with awnings. The unit includes central A/C and heat, a bathroom, and a water fountain. Two rear parking spaces are included, and there is also ample street parking in front.
The property is described as being located in a prime commercial area with strong visibility along W Bryn Mawr Ave. The space is marketed for neighborhood-serving commercial uses permitted under B2-3 zoning, with examples provided that include boutique retail, cafe, salon, spa, yoga or fitness studio, professional office, therapy or medical practice, and insurance or real estate office.
Additional operating notes provided include that the tenant is responsible for electricity, while estimated NNN expenses are approximately $920 per month for property taxes and HOA. The estimated total monthly occupancy cost is approximately $2,570 per month plus electric.
The property is described as being located in a prime commercial area with strong visibility along W Bryn Mawr Ave. The space is marketed for neighborhood-serving commercial uses permitted under B2-3 zoning, with examples provided that include boutique retail, cafe, salon, spa, yoga or fitness studio, professional office, therapy or medical practice, and insurance or real estate office.
Additional operating notes provided include that the tenant is responsible for electricity, while estimated NNN expenses are approximately $920 per month for property taxes and HOA. The estimated total monthly occupancy cost is approximately $2,570 per month plus electric.
Key Highlights
- 1,260 SF main open commercial space plus 1,256 SF lower‑level storage
- B2‑3 zoning permits a wide range of neighborhood‑serving uses including boutique retail, cafe, salon/spa, office, therapy/medical, and more
- Large display windows with awnings for street presence and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,808
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,160
$696.2K
Cap Rate 7%
$497,257
$497.3K
Cap Rate 9%
$386,756
$386.8K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$54.3K $21.60/SF
− Vacancy
−$4.6K −$1.84/SF
EGI
$49.7K $19.76/SF
− OpEx
−$14.9K −$5.93/SF
NOI
$34.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,160
Cap Rate 7%
$497,257
Cap Rate 9%
$386,756
Alternative Uses
Best Use
Office B
$771.2K
$674.8K – $899.7K
NOI $53,983 @ 7.0% cap · market cap 14.02%
Second Best
Retail
$497.3K
$435.1K – $580.1K
NOI $34,808 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,040 @ 7.0% cap · market cap 21.57%
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
2,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Large open retail/office space includes display windows, central HVAC, a bathroom, and two rear parking spaces.
Where is this retail space located?
The property is located at C3-2633 W Bryn Mawr Ave Chicago, IL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,260 SF main open commercial space plus 1,256 SF lower‑level storage; B2‑3 zoning permits a wide range of neighborhood‑serving uses including boutique retail, cafe, salon/spa, office, therapy/medical, and more; Large display windows with awnings for street presence and natural light
