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    2946 N Narragansett Ave Chicago, IL 60634

    For Lease
    $18 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    58
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 2946 N Narragansett Ave

    General Information

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

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Number of units
    1
    Flooring type
    Vinyl
    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Mark Minorczyk (312) 216-2422 License #471002175

    Listing date Oct 17, 2025

    MLS# 12497906 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

    Chicago Retail/Office Space for Lease

    This 763 square foot commercial space is available for lease in Chicago's Belmont Cragin neighborhood, situated on busy N Narragansett Avenue, minutes from The Brickyard Shopping Mall. The property features an open 24' x 24' main area that can be subdivided, a kitchenette, a storage room, and a bathroom. Recent updates include new floors, recessed lighting, drywall, HVAC, electrical, and plumbing. The space is zoned B2-2, allowing for a mix of retail and service uses. It is suitable for a small business, retail boutique, professional office, or neighborhood storefront. Ample street parking and strong visibility enhance its appeal. Tenant is responsible for gas and electric. The space is available immediately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gold Medal Builders General Contractor Venue 2946 Event Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7861512
    Latitude
    41.9342014

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    FAQs

    What type of property is this?
    Office space - Move-in ready retail or office space in Belmont Cragin neighborhood.
    Where is this office space located?
    The property is located at 2946 N Narragansett Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on busy N Narragansett Ave in Belmont Cragin, near Brickyard Shopping Mall.; - Recently updated with new floors, recessed lighting, drywall, HVAC, electrical, and plumbing.; - Versatile 763 sq. ft. space with open main area, kitchenette, storage, and bathroom.
    (312) 216-2422
    Request Owner's contact information
    2946 N Narragansett Ave Chicago, IL 60634
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    Chicago, IL 60634
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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
    2946 N Narragansett Ave Chicago, IL 60634
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