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Corner Storefront Property
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7400 N Western Ave, Chicago, IL 60645

Signalized-intersection positioning, on-site parking, and B3-2 zoning support a range of commercial retail uses.

Property SizeContact for details
Days on Market143

Property Features for 7400 N Western Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Avalon Realty Associates, LLC
Listed By: Michael Lukman · License #IL 475.210479
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 10:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avalon Realty Associates, LLC

Investment Insights

Based on property information with market context.

The property at 7400 N Western Ave is an 8,474-square-foot retail building on a 0.23-acre corner parcel. Basement and mezzanine areas provide additional square footage, while 10 parking spaces serve the property. Its position at a signalized intersection gives the storefront direct exposure along Western Ave.

B3-2 zoning is identified for retail storefronts, shopping centers, large stores, and apartments above the ground floor. Western Ave carries a daily traffic count exceeding 35,000 vehicles, placing the building along a heavily traveled commercial corridor in Chicago. The combination of storefront configuration, supplemental interior areas, parking, and flexible commercial zoning creates a defined retail-oriented property profile.

Key Highlights

  • 8,474 SF retail building on a 0.23‑acre corner lot
  • Basement and mezzanine provide additional square footage
  • 10 on‑site parking spaces

Property Analytics

Current Use

Heart Limited Hearing Aid Store Art's Auto Rebuilders Auto Repair Shop

Suggested Use

Top Pick Law Firm Skin Care Clinic Acupuncture HVAC Service Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

1,808
Businesses Nearby
235k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Dining 34% Apparel 12% Electronics 2%
McDonald's Dining
26,587 visits/mo 0.3 miles
Dollar Tree Shops & Services
25,615 visits/mo 0.2 miles
Ross Dress for Less Apparel
24,557 visits/mo 0.2 miles
Chase Bank Shops & Services
16,563 visits/mo 0.5 miles
Dunkin' Donuts Dining
15,286 visits/mo 0.2 miles

Demographics for 60645, IL

48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value

Market

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
Rey
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Similar Off Market Nearby

  • Angel Guardian Florist Inc. 2534 W Pratt Blvd, Chicago, IL 60645
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  • Ixia 1211 mulford st, evanston, il 60202

Frequently Asked Questions

What type of property is this?
Storefront property - Signalized-intersection positioning, on-site parking, and B3-2 zoning support a range of commercial retail uses.
Where is this storefront property located?
The property is located at 7400 N Western Ave Chicago, IL.
What are key features of this property?
This property features: 8,474 SF retail building on a 0.23‑acre corner lot; Basement and mezzanine provide additional square footage; 10 on‑site parking spaces
More about this property
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