Street-Level Retail and Office
C3-2633 W Bryn Mawr Ave Chicago, IL 60660
C3-2633 W Bryn Mawr Ave, Chicago, IL, 60660
$385,000
For Sale
$385,000
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 Market145
Property Features for C3-2633 W Bryn Mawr Ave
General Information
- Standard status
- Active
- Size
- 2,516 SF
Listing agency
Berkshire Hathaway HomeServices Chicago
(312) 731-3394
Listed by
Emir Vulic · License #475170306
(312) 731-3394
Source
Exprealty
Added: Feb 26 Updated: Jul 20 at 8:05PM Checked: Jul 20 at 8:05PM
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
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
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 | $54.3k | $21.60 |
| − Vacancy | −$4.6k | −$1.84 |
| EGI | $49.7k | $19.76 |
| − OpEx | −$14.9k | −$5.93 |
| NOI | $34.8k | $13.83 |
2,516 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
