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Retail Building with Pylon Sign

1940 N Elston Ave, Chicago, IL 60642

For Lease
Contact for pricing

The freestanding property offers dedicated parking and a layout that can accommodate several commercial uses.

Space Size3,960 SF - 7,370 SF
Days on Market46

Property Features for 1940 N Elston Ave

General Information

Standard status Active
Size 3,960 SF - 7,370 SF
Property subtype Retail, Office, Special Purpose

Site & Location

Neighborhood Bucktown
Pylon Signage Yes
Highway Access Yes

Amenities

Large pylon sign
adjacent Metra station

Spaces For Lease

at 1940 N Elston Ave Contact us

#1 Active

Size 7,370 SF
Contact us

#2 Active

Size 3,960 SF
Contact us

First Floor Active

Size 7,370 SF
Contact us

Second Floor Active

Size 3,960 SF
Contact us
Listing Agency: Stone Real Estate
Listed By: William Winter
Source: Crexi
Added: Sep 26 Changed: Nov 9 Last Checked: Nov 9 at 2:05AM

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 at 1940 N. Elston Ave in Chicago has a flexible interior layout and dedicated on-site parking. A pylon sign provides an additional place for tenant identification.

The property is near a highway and next to a Metra station, with the address described as near the Lincoln Park and Bucktown border. Restaurant, fitness, office, and daily-needs uses are identified as possible fits for the space.

Key Highlights

  • Freestanding retail property with a flexible layout
  • Dedicated on‑site parking
  • Pylon sign available for tenant identification

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
NNN (Triple Net)
Lease Type

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 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$25.04 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,446 SF
Avg Space Size

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

$25.69 Jul
$27.1 Aug
$26.09 Sep
$24.57 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 - The freestanding property offers dedicated parking and a layout that can accommodate several commercial uses.
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 property with a flexible layout; Dedicated on‑site parking; Pylon sign available for tenant identification
(312) 878-9445 · Office Call to check price and availability
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