Corner Retail Building
2357 W North Avenue Chicago, IL 60647
2357 W North Avenue, Chicago, IL, 60647
$549,900
For Sale
Under Contract
$549,900
COMMERCIAL - Chicago, IL
Property Size2,806 SF
Lot Size0.07 Acres
Price / SF$195.97
Days on Market100
Property Features for 2357 W North Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active Under Contract
- APN
- 17061000010000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 18629
Utilities
- Cooling system
- Zoned, Central Air
Building Details
- Year built
- 1931
- Floors in Building
- 1
- Building materials
- Brick, Concrete
Listing agency
Keller Williams ONEChicago
(312) 216-2422
Listed by
David Piotrowski · License #475155906
(312) 216-2422
Added: Apr 14 Updated: Jul 9 at 4:39AM Checked: Jul 22 at 7:06PM
MLS# 12619415
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Situated at the hard corner of Western Avenue and North Avenue, this highly visible retail building offers 2,806 SF of space on a 3,075 SF lot. The property is configured for a storefront-style use and benefits from corner exposure.
The listing indicates strong pedestrian and vehicular traffic and positions the building in the Wicker Park neighborhood area. Zoning is listed as B3-2, which the listing states allows a wide range of commercial uses. The property’s location and access to public transportation, along with nearby neighborhood amenities and a dense residential customer base, may support a variety of retail or service-oriented operations.
Offered for sale at 2357 W North Avenue, this corner asset presents an opportunity for buyers seeking a retail and commercial site under B3-2 zoning.
The listing indicates strong pedestrian and vehicular traffic and positions the building in the Wicker Park neighborhood area. Zoning is listed as B3-2, which the listing states allows a wide range of commercial uses. The property’s location and access to public transportation, along with nearby neighborhood amenities and a dense residential customer base, may support a variety of retail or service-oriented operations.
Offered for sale at 2357 W North Avenue, this corner asset presents an opportunity for buyers seeking a retail and commercial site under B3-2 zoning.
Key Highlights
- Prime hard‑corner location at Western & North Avenues in Wicker Park.
- High visibility with strong pedestrian and vehicular traffic.
- B3‑2 zoning allows for a wide range of commercial uses and new development potential.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $21.60 |
| − Vacancy | −$5.2k | −$1.84 |
| EGI | $55.5k | $19.76 |
| − OpEx | −$16.6k | −$5.93 |
| NOI | $38.8k | $13.83 |
2,806 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,206 @ 7.0% cap · market cap 10.95%
Second Best
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,611 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- InFlorEscence — 1001 N Western Ave, Chicago, IL 60622
- bou•K — 1830 N Milwaukee Ave Suite C, Chicago, IL 60647
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- Linda's Flowers — 2439 W Armitage Ave, Chicago, IL 60647
FAQs
What type of property is this?
Storefront property - Highly visible hard-corner retail building with 2,806 SF and B3-2 zoning.
Where is this storefront property located?
The property is located at 2357 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Prime hard‑corner location at Western & North Avenues in Wicker Park.; High visibility with strong pedestrian and vehicular traffic.; B3‑2 zoning allows for a wide range of commercial uses and new development potential.
