Hard-Corner Retail
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
- Retail
- 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 13 at 5:35PM Checked: Jul 22 at 2:06PM
MLS# 12619422
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.
Hard-corner retail building at 2357 W North Avenue, Chicago, IL 60647, located at the intersection of Western Avenue and North Avenue. The property is a 2,806 SF retail building situated on a 3,075 SF lot, designed to benefit from corner exposure and visibility.
PublicRemarks indicate strong pedestrian and vehicular traffic in the immediate area, along with convenient access to public transportation and a dense residential customer base. The listing also notes B3-2 zoning, which can accommodate a wide range of commercial uses.
This configuration supports retail and other neighborhood-focused commercial needs where tenants benefit from intersection frontage and straightforward street-level visibility.
PublicRemarks indicate strong pedestrian and vehicular traffic in the immediate area, along with convenient access to public transportation and a dense residential customer base. The listing also notes B3-2 zoning, which can accommodate a wide range of commercial uses.
This configuration supports retail and other neighborhood-focused commercial needs where tenants benefit from intersection frontage and straightforward street-level visibility.
Key Highlights
- Highly visible 2,806 SF retail building on a hard corner at Western Avenue and North Avenue in Wicker Park
- B3‑2 zoning allows a wide range of commercial uses
- 3,075 SF lot with strong pedestrian and vehicular traffic
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
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
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
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FAQs
What type of property is this?
Storefront property - Retail building on a corner lot with Western Avenue and North Avenue intersection exposure.
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: Highly visible 2,806 SF retail building on a hard corner at Western Avenue and North Avenue in Wicker Park; B3‑2 zoning allows a wide range of commercial uses; 3,075 SF lot with strong pedestrian and vehicular traffic
