Property summary
This exceptional 1,200 square foot condo at 871 N Larrabee Street in Chicago, Illinois presents a fantastic opportunity for discerning business owners. Boasting exceptional street-level visibility with floor-to-ceiling windows and over 30 feet of frontage, this property is ideally suited for a variety of commercial uses. The unit is in excellent condition and is move-in ready, eliminating the need for extensive renovations. Its prime location within a thriving neighborhood offers significant advantages. Surrounded by established residences and adjacent businesses, this property benefits from a strong existing customer base and the energy of exciting new developments, including several high-rise buildings slated to open soon. The proximity to the historic Montgomery Ward Building, home to notable tenants such as Groupon, Echo, Big10 Network, and the luxury spa Bian, further enhances its appeal and provides access to a vibrant and dynamic community. A parking space is available for an additional $20,000, adding significant convenience for both employees and clients. This is a rare opportunity to secure a high-visibility, move-in ready commercial space in a rapidly developing and desirable Chicago location. The asking price for this exceptional property is $329,000.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
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
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
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning