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Freestanding Retail and Office Building
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1948 N Elston Ave, Chicago, IL 60642

Freestanding building with dedicated parking and a flexible layout for retailers, offices, or daily service users.

Space Size3,960 SF - 7,370 SF
Days on Market102

Property Features for 1948 N Elston Ave

General Information

Standard status Active
Size 3,960 SF - 7,370 SF
Property subtype RETAIL

Additional Details

Highway Access Yes

Spaces For Lease

at 1948 N Elston Ave Contact us

1940 N Elston Ave

Floor
1
Size
7,370 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Highly visible, freestanding building with dedicated on-site parking. - Flexible...
show more
Contact us

1940 N Elston Ave

Floor
2
Size
3,960 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Highly visible, freestanding building with dedicated on-site parking. - Flexible...
show more
Contact us
Listing Agency: Stone Real Estate Corp.
Listed By: Noah O'Neill
Source: Moodyscre
Added: May 27 Changed: Sep 3 Last Checked: Sep 4 at 3:30PM

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 Corp.

Investment Insights

Based on property information with market context.

The property is a highly visible, freestanding commercial building with dedicated on-site parking. The interior is described as flexible, with a layout that can accommodate a range of tenant types, including restaurant, fitness, office, and other daily needs providers.

The building features a large pylon sign intended to support distinct branding. The site is positioned on the border of Lincoln Park and Bucktown, with close proximity to the highway and convenient access to the rest of urban Chicago and surrounding suburbs. The public remarks also note adjacency to a Metra station, reinforcing commuter visibility.

For operators seeking an identity-driven storefront, the freestanding format and on-site parking are practical for customer access. The flexible configuration also supports tenants that need adaptability in their buildout, whether the use is retail, an office environment, or a restaurant or fitness concept. The asset’s visibility and dedicated signage help it work as a consistent neighborhood-oriented location with regional reach.

Key Highlights

  • Highly visible, freestanding building with dedicated on‑site parking.
  • Flexible interior layout suitable for a variety of tenants, including restaurant, fitness, office, and daily service providers.
  • Large pylon sign for prominent branding on highly trafficked thoroughfares, including the highway and the adjacent Metra station.

Property 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

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding building with dedicated parking and a flexible layout for retailers, offices, or daily service users.
Where is this retail space located?
The property is located at 1948 N Elston Ave Chicago, IL.
What are key features of this property?
This property features: Highly visible, freestanding building with dedicated on‑site parking.; Flexible interior layout suitable for a variety of tenants, including restaurant, fitness, office, and daily service providers.; Large pylon sign for prominent branding on highly trafficked thoroughfares, including the highway and the adjacent Metra station.
(312) 245-5206 Call to check price and availability
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