Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    217-219 Green St Chicago, IL 60607
    Back to Search
    Property profile & analytics

    217-219 Green St Chicago, IL 60607

    View on Map
    • Retail properties & Spaces
    • 5,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 217-219 Green St

    Year built
    2017
    Property size
    5,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 5,000-square-foot retail space at 217-219 North Green Street in Chicago, Illinois, presents a unique investment opportunity. Located in Cook County, this single-tenant property boasts a modern design, having been constructed in 2017. The entire 5,000 square feet is currently vacant, offering immediate occupancy for a discerning tenant. The building is a single-story structure, providing convenient access and ample space for a variety of retail uses. Its prime location in Chicago's vibrant commercial district ensures high visibility and foot traffic, making it an ideal location for businesses seeking a strong presence in a bustling urban environment. The property's 2017 construction ensures modern amenities and efficient layouts, minimizing the need for costly renovations. This turnkey solution allows for immediate business operations, eliminating the delays and expenses associated with older properties. The address, 217-219 North Green Street, Chicago, IL 60607, provides easy access to major transportation routes and a diverse customer base. This is an unparalleled chance to secure a substantial retail space in a highly desirable Chicago location. The property's size and modern construction make it suitable for a wide range of retail concepts.

    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
    -87.6485
    Latitude
    41.8862

    Comparable in this City

    • Value Estimation by Request
      376,329 SF

      150 Roosevelt Rd

      Retail properties & Spaces • 376,329 SF
      150 Roosevelt Rd, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      3,000 SF

      813 Fulton St

      Retail properties & Spaces • 3,000 SF
      813 Fulton St, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      1 SF

      177-185 Morgan St

      Retail properties & Spaces • 1 SF
      177-185 Morgan St, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      30,620 SF

      1027-31 Madison St

      Retail properties & Spaces • 30,620 SF
      1027-31 Madison St, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      959 SF

      1351-1355 Washington Blvd

      Individual retail properties • 959 SF
      1351-1355 Washington Blvd, Chicago, IL 60607
      View Details
    • Value Estimation by Request
      4,516 SF

      568 Roosevelt Rd

      Office Spaces • 4,516 SF
      568 Roosevelt Rd, Chicago, IL 60607
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Mixed-Use Investment Opportunity

      Mixed-use property, gateway to the city, billboard opportunity.
      501 S Wells St, Chicago, IL 60607
      View Details
    • Contact for pricing

      Retail Property on Roosevelt Road

      Retail property with two tenant spaces available for sale.
      605 W Roosevelt Rd, Chicago, IL 60607
      View Details
    • Contact for pricing

      Ogden Avenue Commercial Building

      Four-story commercial building with flexible leasing and conversion potential.
      350 North Ogden Ave, Chicago, IL 60607
      View Details
    • Contact for pricing
      8,000 SF

      Restaurant Property in Chicago's Gateway

      Restaurant property located in Chicago's Restaurant Row.
      738 W Randolph St, Chicago, IL 60607
      View Details
    • Contact for pricing

      Heated Parking Space For Sale

      Heated parking space with easy city and highway access.
      611 S Wells St, Chicago, IL 60607
      View Details
    • $400,000
      1,150 SF

      West Loop Commercial Space Available

      Commercial space in West Loop with seller financing opportunity.
      15 S Racine Ave, Chicago, IL 60607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fulton Street Commercial Space Available

      Mixed-use commercial space for lease on Fulton Street.
      1438-1442 W Fulton St, Chicago, IL 60607
      View Details
    • Contact for pricing
      3,244 SF

      Fulton Market Restaurant Space

      Second-generation restaurant space in a premier Fulton Market location.
      845 W Fulton Market, Chicago, IL 60607
      View Details
    • Contact for pricing
      11,000 SF

      Kinzie Corridor Industrial Building

      11,000 SF industrial building in Chicago's Kinzie Corridor.
      1310 West Lake St, Chicago, IL 60607
      View Details
    • Contact for pricing
      12,394 SF

      West Loop Retail Space - Chicago

      12,394 SF Retail Space, Fulton Market
      1220 Lake St, Chicago, IL 60607
      View Details
    • Contact for pricing
      7,000 SF

      West Lake Street Industrial Space

      7,000 SF industrial space with kitchen and expressway access.
      1319-1321 W Lake St, Chicago, IL 60607
      View Details
    • $22 SF/Yr
      4,308 SF

      Chicago Greektown Retail/Office Space

      Located in Greektown, with on-site cafe and fitness center.
      910 W Van Buren St, Chicago, IL 60607
      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.
    217-219 Green St
    Chicago, IL 60607
    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

    Thank You for Inquiry
    217-219 Green St, Chicago, IL, 60607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!