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860 California Ave Ste 1n Chicago, IL 60622-5812

OFF-MARKET Office Spaces Google Maps
0.14 ac lot Built 2005
Entity Owned Free & Clear
Estimated value (blended)
$190k
Range $171k – $209k (±10%)
Property ID US28-0949584

Property summary

AI-generated overview

This exceptional 1,800 square foot commercial storefront condo in Chicago's desirable California-Augusta corridor presents a unique investment opportunity. The property boasts a bright and clean interior, ideal for a variety of businesses. The C1-2 zoning allows for diverse commercial uses. A significant advantage is the inclusion of an oversized, attached two-car garage spanning 575 square feet, offering ample parking and/or valuable storage space. This versatile feature sets this property apart from comparable offerings. The location is highly desirable, situated near popular establishments such as Segnatore, Spinning J, Rootstock, Gaoku Izakaya, La Boulangerie, Feed, and the Hi-Lo, ensuring high visibility and foot traffic. This turnkey commercial space is ready for immediate occupancy and offers significant potential for growth and profitability in a vibrant and thriving Chicago neighborhood. The asking price is $175,000. This is a rare opportunity to acquire a well-located, versatile commercial property with significant added value in the form of the attached garage. Don't miss out on this chance to establish your business in a prime Chicago location.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2005
Lot 0.14 ac (6,256 SF)
APN 16-01-326-070-1007
UPID US28-0949584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Real Estate Agency
  • Artist

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2026
Last sale
$155,000
6 recorded transactions
2026
Price N/A
2025
$155,000
2023
Price N/A
2012
$65,000
2011
Price N/A
2007
$220,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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