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Historic Retail Space
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2924 W Diversey Avenue, Chicago, IL 60618

Commercial Lease, Chicago, IL

Space SizeContact for details
Days on Market152

Property Features for 2924 W Diversey Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions North or south on California, West on Diversey to property.
Subdivision CHI - Avondale
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5563

Utilities

Cooling system Window Unit(s), Ceiling Fan(s)

Amenities

public transportation access

Building Details

Year built 1925
Floors in Building 2
Number of units 3
Flooring type Wood
Building materials Brick
Listing Agency: REMAX Legends · RE/MAX International
Listed By: Melissa Luna · License #475156565
Added: Apr 5 Changed: Aug 20 Last Checked: Sep 3 at 9:06AM
MLS# 12610456

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.

This retail space at 2924 W. Diversey Avenue occupies a brick building constructed in 1925, with wood flooring, window unit cooling, and ceiling fans. The included basement adds storage capacity for the premises. The property was formerly known as The Sugar Bowl, a neighborhood tavern that operated for more than 40 years, giving the space a documented connection to Avondale’s commercial history.

The site is positioned along a commercial corridor near national retailers, offices, shopping, schools, parks, and public transportation. CTA bus routes #56 Milwaukee, #76 Diversey, and #82 Kimball/Homan serve the area, while I-90/I-94 is minutes away. The source information identifies restaurants, retail stores, professional offices, and other commercial establishments as permitted under B3-1; however, the stated zoning fields conflict, so no zoning designation is included here.

Key Highlights

  • Retail space in a brick building constructed in 1925
  • Basement included with the premises for storage use
  • Wood flooring, window unit cooling, and ceiling fans

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home HVAC Service Bed & Breakfast Clothing & Fashion Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,709
Businesses Nearby
120k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 79% Shops & Services 16% Electronics 3% Home Improvements & Furnishings 2%
McDonald's Dining
33,587 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
24,987 visits/mo 0.2 miles
IHOP Dining
16,091 visits/mo 0.2 miles
Starbucks Dining
9,009 visits/mo 0.3 miles
BP Shops & Services
7,922 visits/mo 0.5 miles

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Brick construction, wood flooring, and basement storage support flexible retail use.
Where is this retail space located?
The property is located at 2924 W Diversey Avenue Chicago, IL.
What are key features of this property?
This property features: Retail space in a brick building constructed in 1925; Basement included with the premises for storage use; Wood flooring, window unit cooling, and ceiling fans
More about this property
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