Log In/Sign Up
Your email has been sent.
Building for sale in the heart of Pilsen 1601 S Morgan St 7,680 SF 100% Leased Retail Building Chicago, IL 60608 $1,875,082 CAD ($244.15 CAD/SF)



INVESTMENT HIGHLIGHTS
- heart of pilsen
- great for office or retail
- free standing building
EXECUTIVE SUMMARY
Discover a one-of-a-kind, free-standing building in the heart of Chicago's vibrant Pilsen neighborhood. Formerly a gallery, this expansive space offers soaring ceilings, an open layout, and a unique blend of character and functionality. With B2-2 zoning, it is ideal for a boutique, creative studio, showroom, retail, or office space. The first floor features a gallery-style entrance leading to a massive 2,500 SF open area, providing endless possibilities. The second floor includes a private office and a recently renovated full bathroom. Additionally, the attic is not your typical storage space-it boasts ample standing room and can serve various needs. The property also includes a fully equipped kitchen and three bathrooms, one with two stalls, ensuring convenience for staff and visitors. Parking is a rare luxury in the city, and this property has three outdoor spaces and two garage spaces, currently used for storage. Whether you're looking to establish a creative hub, retail concept, or office space, this stunning property offers unmatched flexibility in a thriving community. Don't miss this rare opportunity-schedule a tour today! The whole building is rented thru 7/31/2026
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$133,339
|
$17.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,339
|
$17.36
|
| Taxes |
$11,728
|
$1.53
|
| Operating Expenses |
$16,051
|
$2.09
|
| Total Expenses |
$27,779
|
$3.62
|
| Net Operating Income |
$105,560
|
$13.74
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $133,339 |
| Annual Per SF | $17.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $133,339 |
| Annual Per SF | $17.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,728 |
| Annual Per SF | $1.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,051 |
| Annual Per SF | $2.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,779 |
| Annual Per SF | $3.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,560 |
| Annual Per SF | $13.74 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,680 SF
Building Class
C
Year Built
1871
Price
$1,875,082 CAD
Price Per SF
$244.15 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.16
Lot Size
0.15 AC
Zoning
B2-2 - RETAIL OR OFFICE
Parking
5 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Controlled Access
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $139,239 CAD (2025) | |
| Land Assessment | $33,907 CAD (2025) | Annual Taxes | $11,728 CAD ($1.53 CAD/SF) |
| Improvements Assessment | $105,332 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$33,907 CAD (2025)
Improvements Assessment
$105,332 CAD (2025)
Total Assessment
$139,239 CAD (2025)
Annual Taxes
$11,728 CAD ($1.53 CAD/SF)
Tax Year
2024
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Building for sale in the heart of Pilsen | 1601 S Morgan St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
