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

Commercial Lease, Chicago, IL

Space SizeContact for details
Lot Size0.07 Acres
Days on Market64

Property Features for 2321 W NORTH Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions I-90/94 to North Avenue (1600 North), North Avenue west to Subject property.
Subdivision CHI - West Town
Standard status Active
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 16315

Utilities

Utilities Water Available
Cooling system Central Air

Amenities

open layout
high ceilings
wood floors
exposed brick
new lighting
ADA bathroom
tandem parking

Building Details

Year built 1909
Floors in Building 3
Number of units 3
Building materials Brick
Listing Agency: Compass
Listed By: Quentin Green III · License #475171585
Added: Aug 3 Changed: Oct 2 Last Checked: Oct 5 at 12:06PM
MLS# 12722516

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Ground-floor and basement retail space occupies part of a 3-story mixed-use brick building at 2321 W North Avenue in Chicago. The property was fully rehabilitated in 2014, with newer mechanical systems, updated masonry, and refreshed storefronts. The first floor provides an open configuration with 12-foot ceilings, wood flooring, selected exposed brick, updated lighting, and one ADA bathroom. Central Air and water availability are also noted.

The basement has been excavated and modernized to provide greater ceiling height, with the space prepared for tenant improvements. One tandem parking space is available behind the building. Restaurant use is welcomed, and the available area totals approximately 0.0717 acres.

Key Highlights

  • Ground‑floor and basement retail space in a 3‑story mixed‑use brick building
  • Fully rehabilitated in 2014 with newer mechanicals, updated masonry, and refreshed storefronts
  • First floor features an open layout, 12‑foot ceilings, wood floors, exposed brick, and new lighting

Property Analytics

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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 HVAC 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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$26.88 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,965 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 - Rehabilitated mixed-use building offers an open first-floor plan with restaurant use welcomed.
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 and basement retail space in a 3‑story mixed‑use brick building; Fully rehabilitated in 2014 with newer mechanicals, updated masonry, and refreshed storefronts; First floor features an open layout, 12‑foot ceilings, wood floors, exposed brick, and new lighting
More about this property
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