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    245 W North Ave Chicago, IL 60610

    New
    For Lease
    $23 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    7
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 245 W North Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1932
    Architectural style
    Other

    Chicago Real Estate Resources (773) 327-9300 [email protected]

    Listing agent Nathan Gautsche (773) 327-9300

    Listing date Dec 8, 2025

    MLS# 12414671 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Old Town Corner Storefront

    This commercial space is located in Chicago's Old Town neighborhood, offering a prime corner storefront on North Avenue. The property features an open floor plan with 3,602 square feet. It benefits from high visibility and access from both North Avenue and North Park Avenue, along with signage opportunities. The property is currently co-tenanted with Rosin Eyecare and PT Solutions Physical Therapy. The existing B3 zoning permits a wide range of uses, including but not limited to art galleries, animal hospitals, vet clinics, day cares, bakeries, cafes, delis, medical offices, and salons (special use).
    Location Intelligence

    Current Use by Public Records

    Tim Anderson Artist Peak Properties Property Management Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Yanni Design Studio Chicago Location, The M Studio at Designs by Ming, Fieldman Flora, Mangel Florist, Veroniques Floral, Ltd.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.63563
    Latitude
    41.911255

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    FAQs

    What type of property is this?
    Storefront property - Highly visible North Ave storefront in Chicago's Old Town.
    Where is this storefront property located?
    The property is located at 245 W North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime Old Town corner storefront location on highly visible North Ave.; - Large 3,602 SF open floor plan.; - B3 zoning allows for a wide range of uses (Art Gallery, Animal Hospital, Vet Clinic, Day Care, Bakery, Cafe, Deli, Medical Office, Salon, etc.).
    (773) 327-9300
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    245 W North Ave Chicago, IL 60610
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    Chicago, IL 60610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 W North Ave Chicago, IL 60610
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