Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1720 Division St Chicago, IL 60622

    • Office Properties & Spaces
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrious / Coworking Space
    • Peagram Consulting / Service Establishment / Consultant
    • Williams & Nickl, LLC / Attorney / Administrative Attorney
    • B2 Design Co / Interior Architect Office
    • Mead & Hunt / Engineering Consultant

    Property Details for 1720 Division St

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6709
    Latitude
    41.9035

    Comparable in this City

    • Value Estimation by Request
      5,185 SF

      1910 North Ave

      Office space • 5,185 SF
      1910 North Ave, Chicago, IL 60622
      View Details
    • Value Estimation by Request
      9,576 SF

      1654 Cortland St

      Restaurants • 9,576 SF
      1654 Cortland St, Chicago, IL 60622
      View Details
    • Value Estimation by Request

      525-527 Ashland Ave

      Individual retail properties
      525-527 Ashland Ave, Chicago, IL 60622
      View Details
    • Value Estimation by Request
      1,400 SF

      1648 North Ave

      Individual retail properties • 1,400 SF
      1648 North Ave, Chicago, IL 60622
      View Details
    • Value Estimation by Request

      1524 Ashland Ave

      Restaurants
      1524 Ashland Ave, Chicago, IL 60622
      View Details
    • Value Estimation by Request

      1423 Ashland Ave

      CONDOMINIUM OFFICES
      1423 Ashland Ave, Chicago, IL 60622-2230
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Ashland Ave Mixed-Use Investment

      Prime Chicago location, high potential.
      525-527 Ashland Ave, Chicago, IL 60622
      View Details
    • $650,000

      Division Street Mixed-Use Building

      Mixed-use building with retail/office space near Humboldt Park.
      2708 W Division St, Chicago, IL 60622
      View Details
    • $599,900
      0.06 Acres

      West Town Warehouse with Offices

      2,400 SF warehouse with offices in West Town.
      526 N Ashland Ave, Chicago, IL 60622
      View Details
    • $2,590,000
      18,600 SF

      Logan Square Warehouse/Office/Retail Space

      16,633 SF warehouse/office/retail space with high visibility.
      2700-2714 N Campbell Ave, Chicago, IL 60622
      View Details
    • $2,950,000
      28,442 SF

      Kinzie Corridor Executive Office Building

      Chicago Office Building - 28,442 SF, Vacant
      431 Wolcott Ave, Chicago, IL 60622
      View Details
    • New
      $250,000
      0.07 Acres

      Chicago Avenue Commercial Opportunity

      Versatile commercial property on Chicago Avenue with high visibility.
      2710 W Chicago Ave, Chicago, IL 60622
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,249 SF

      Chicago Office Space: Wicker Park

      Flexible Workspaces in Vibrant Location
      1200 Ashland Ave, Chicago, IL 60622
      View Details
    • Contact for pricing
      10,500 SF

      Turn-Key Office Suites | Wicker Park

      Office space
      1720 Division St, Chicago, IL 60622
      View Details
    • Contact for pricing

      Flexible Workspace in Chicago

      Versatile suites for beauticians, barbers, wellness professionals, and small offices.
      1415 N Ashland Ave, Chicago, IL 60622
      View Details
    • $12 SF/Yr
      2,832 SF

      Bucktown Office Space Available

      2286 RSF office space in a newly renovated building.
      1732 W Cortland St, Chicago, IL 60622
      View Details
    • $38 SF/Yr

      Small Shared Office For Rent

      Private office space with utilities included and parking available.
      2319 W Chicago Ave, Chicago, IL 60622
      View Details
    • Contact for pricing

      Wicker Park Commercial Space Available

      1400 sq ft Wicker Park space for cafe or retail.
      1455 N Ashland Ave, Chicago, IL 60622
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1720 Division St
    Chicago, IL 60622
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.