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    2401 W North Ave Chicago, IL 60647

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    For Lease
    $24 SF/Yr

    3,130 SF retail space in a vibrant neighborhood.

    Property Features for 2401 W North Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1929

    Source: MILLENNIUM PROPERTIES RE, INC. Agent SUSAN SILVER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Storefront in Wicker Park

    A 3,130 square foot retail storefront is available for lease. It can be combined with an adjacent 1,370 square foot unit to create a total of 4,500 square feet. The building is positioned on the southwest corner of North and Western Avenues, benefiting from CTA stops on both corners. The space features excellent window lines and is located beneath high-end residential apartments. The property is near the CTA Blue Line's Western and Damen Stations, as well as the 606 Trail. Situated in the Wicker Park/Humboldt Park neighborhood, the area is characterized as a dense, affluent community attracting young professionals and families. The neighborhood's rapidly changing demographics appeal to a variety of businesses and residents.
    Location Intelligence

    Current Use by Public Records

    LeadLab Media Advertising Agency Illinois Mortgage Funding Mortgage Lender

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.687416
    Latitude
    41.910004

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    FAQs

    What type of property is this?
    Retail space - 3,130 SF retail space in a vibrant neighborhood.
    Where is this retail space located?
    The property is located at 2401 W North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Located at the high-traffic intersection of North and Western Avenues with CTA stops on both corners.; - Potential to lease 3,130 SF or combine with an adjacent unit for a total of 4,500 SF.; - Located in the dense, affluent Wicker Park/Humboldt Park neighborhood.
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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
    2401 W North Ave Chicago, IL 60647
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