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Retail Space with Basement
For Lease
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2321 W NORTH Avenue, Chicago, IL 60647

Rehabilitated commercial space offers flexible retail, restaurant, and tenant-finish possibilities in a mixed-use building.

Space SizeContact for details
Days on Market10

Property Features for 2321 W NORTH Avenue

General Information

Standard status Active
Total Parking Spaces 1
Zoning COMMR

Space & Availability

Floor Ground, Basement
Space Use Retail
Available From Immediate

Taxes and HOA fees

Annual Taxes $16,315

Amenities

high ceilings
exposed brick
wood floors
new lighting
ADA bathroom

Building Details

Year Built 1909
Year Renovated 2014
Stories 3
Units 3
Construction brick
Listing Agency: Compass
Listed By: Quentin Green III · License #475171585
Source: Midwestrealestate
Added: Aug 3 Changed: Aug 10 Last Checked: Aug 11 at 2:07PM

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 Compass

Investment Insights

Based on property information with market context.

The offering occupies the ground level and basement of a three-story brick mixed-use building. The 1st floor features an open plan, 12-foot ceilings, wood flooring, portions of exposed brick, updated lighting, and one ADA bathroom. The basement has been excavated for increased ceiling height and is prepared for the incoming tenant’s buildout. Restaurants are welcome, and one tandem parking space is available at the rear.

The building underwent a complete rehabilitation in 2014, including newer mechanical systems, storefront improvements, and masonry updates. Located on North Avenue in Chicago’s Wicker Park, the property is zoned COMMR and combines adaptable commercial space with a renovated building envelope.

Key Highlights

  • Ground‑floor retail space with an additional basement area
  • 12' ceilings, wood floors, exposed brick, and updated lighting
  • Basement prepared for tenant buildout after excavation for greater ceiling height

Property Analytics

Current Use

Chicago Plants Garden Center LAZ CALL CONSTRUCTION Construction Company Lazer Adjusters Financial Advisor

Suggested Use

Top Pick Accounting Firm Nursing Home Catering Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Fish Market

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,998
Businesses Nearby
201k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 48% Dining 19% Groceries 16% Apparel 10%
Barnes & Noble Shops & Services
48,824 visits/mo 0.4 miles
Aldi Groceries
32,222 visits/mo 0.3 miles
Circle K Shops & Services
17,408 visits/mo 0.1 miles
Shell Shops & Services
11,035 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
8,995 visits/mo 0.1 miles

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Rehabilitated commercial space offers flexible retail, restaurant, and tenant-finish possibilities in a mixed-use building.
Where is this retail space located?
The property is located at 2321 W NORTH Avenue Chicago, IL.
What are key features of this property?
This property features: Ground‑floor retail space with an additional basement area; 12' ceilings, wood floors, exposed brick, and updated lighting; Basement prepared for tenant buildout after excavation for greater ceiling height
More about this property
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