2622 Cermak Rd Chicago, IL 60608-6172
Property summary
This exceptional 1500-square-foot vacant storefront on Cermak Road presents a unique opportunity for a variety of businesses. The space is ideally suited for creative office use, a retail establishment, or a combination of both, offering a flexible layout adaptable to diverse needs. The property features two bathrooms and central air conditioning and heating, ensuring year-round comfort. Its prime location on a busy commercial corridor guarantees high visibility and significant foot traffic, further enhanced by its proximity to Pete's Fresh Market. The storefront enjoys excellent street visibility, making it an ideal location for attracting customers. Potential uses include, but are not limited to, a convenient store, hair salon, recording studio, coffee shop, bakery, medical office, live/work space, or traditional office. The base rent is $1800 per month. For multi-year leases, tenants are responsible for approximately $300 per month in additional costs, covering 10% of property taxes, water, and trash. This represents a compelling investment opportunity in a thriving commercial area. The property's versatility and prominent location make it an exceptional choice for businesses seeking high visibility and a strong customer base.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising Newspaper & Magazine
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Recording Studio Clothing Store
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Church
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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