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West Town Commercial Building For Sale
For Sale
$1,975,000
Pending

1422-1424 W Chicago Avenue, Chicago, IL 60642

Two-story commercial building in Chicago's thriving West Town neighborhood.

Property SizeContact for details
Days on Market334

Property Features for 1422-1424 W Chicago Avenue

General Information

Standard status Pending
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $52,300

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1917
Listing Agency: SPERRY VAN NESS
Listed By: MARCUS SULLIVAN · License #475139568
Source: Corcoran
Added: Sep 11, 2025 Changed: Aug 8 Last Checked: Jul 23 at 8:20AM

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 SPERRY VAN NESS

Investment Insights

Based on property information with market context.

Located in the heart of Chicago's thriving West Town neighborhood, 1422-1424 West Chicago is a well-maintained, architecturally distinctive two-story commercial building situated on a high-visibility corner. With 40 feet of frontage along Chicago Avenue, the property offers exposure in a dynamic and rapidly developing commercial corridor. The ground floor features a fully built-out and equipped restaurant space, ready for immediate operation with modern finishes and an efficient layout. It is suited for restaurateurs looking to establish or expand their brand in a high-traffic area. The second floor is currently configured with multiple private offices, offering flexibility for a variety of commercial uses including creative studios, wellness services, professional offices, or potential co-working concepts. The layout could be reimagined to suit a wide range of tenants or owner-occupiers.

Key Highlights

  • High‑visibility corner location in Chicago's thriving West Town neighborhood with 40 feet of frontage on Chicago Avenue.
  • Fully built‑out and equipped ground floor restaurant space ready for immediate operation.**
  • Architecturally distinctive two‑story commercial building.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Adult Day Care Pet Grooming Service

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

4,395
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-story commercial building in Chicago's thriving West Town neighborhood.
Where is this conventional restaurant located?
The property is located at 1422-1424 W Chicago Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: High‑visibility corner location in Chicago's thriving West Town neighborhood with **40 feet of frontage on Chicago Avenue.**; Fully built‑out and equipped ground floor restaurant space ready for immediate operation.**; Architecturally distinctive two‑story commercial building.
More about this property
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