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    2401 W North Ave Chicago, IL 60647

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    For Lease
    $24 SF/Yr

    4,500 SF retail space in Wicker Park/Humboldt Park.

    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 at North & Western

    A 4,500 square foot retail storefront is available for lease and can be subdivided to 1,370SF and 3,130SF. The building is located at the southwest corner of North and Western Avenues, with CTA stops on both corners. The space features excellent window lines throughout the unit and high-end residential apartments above. The property has close proximity to both the CTA Blue Line, Western and Damen stations, and the 606 Trail. The Wicker Park/Humboldt Park neighborhood is a dense, affluent area for young professionals and families. With rapidly changing demographics, a variety of businesses and residents are drawn to this area.
    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 - 4,500 SF retail space in Wicker Park/Humboldt Park.
    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.; - Divisible retail space: 4,500 square feet, can be subdivided to 1,370SF and 3,130SF.; - Located in the dense, affluent Wicker Park/Humboldt Park neighborhood.
    (312) 338-3000
    Request Owner's contact information
    2401 W North Ave Chicago, IL 60647
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    Chicago, IL 60647
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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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