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Freestanding Retail Building

1940 N Elston Ave, Chicago, IL 60622

For Sale
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An adaptable interior, reserved on-site parking and a pylon sign accommodate a range of commercial configurations.

Property SizeContact for details
Days on Market34

Property Features for 1940 N Elston Ave

General Information

Standard status Active
Property subtype Retail

Site & Location

Neighborhood Bucktown
Pylon Signage Yes
Highway Access Yes

Amenities

on-site parking

Building Details

Buildings 1
Listing Agency: Stone Real Estate
Listed By: William Winter · License #IL
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 5:46PM

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 Stone Real Estate

Rey
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Investment Insights

Based on property information with market context.

This freestanding retail property has a flexible interior, parking on site and a pylon sign. The layout is identified for restaurant, fitness, office and other businesses serving routine customer needs.

The property is near the border of Lincoln Park and Bucktown, with a highway nearby and a Metra station adjacent to the site. Highway access connects the location with Chicago and surrounding suburbs.

Key Highlights

  • Freestanding retail building with dedicated parking on site
  • Pylon sign provides an on‑property branding feature
  • Flexible layout identified for restaurant, fitness, office and other customer‑serving uses

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,133
Businesses Nearby
332k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 24% Shops & Services 21% Dining 15% Groceries 13%
Kohl's Apparel
73,373 visits/mo 0.3 miles
Mariano's Groceries
43,130 visits/mo 0.3 miles
Best Buy Electronics
35,454 visits/mo 0.1 miles
Regal Cinemas Webster Place 11 Leisure
24,445 visits/mo 0.3 miles
Shell Shops & Services
23,379 visits/mo 0.2 miles

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Retail space in Chicago, IL

$223 Jul
$206 Aug
$199 Sep
$196 Oct

Properties on Market for Retail space in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - An adaptable interior, reserved on-site parking and a pylon sign accommodate a range of commercial configurations.
Where is this retail space located?
The property is located at 1940 N Elston Ave Chicago, IL.
What are key features of this property?
This property features: Freestanding retail building with dedicated parking on site; Pylon sign provides an on‑property branding feature; Flexible layout identified for restaurant, fitness, office and other customer‑serving uses
(312) 878-9445 · Office Call to check price and availability
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