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

COMMERCIAL - Chicago, IL

Space SizeContact for details
Lot Size0.07 Acres
Days on Market3

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

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: Aug 4 Last Checked: Aug 5 at 2:06PM
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.

Retail space occupies the ground floor and basement of a 3-story mixed-use brick building at 2321 W North Avenue in Chicago’s Wicker Park area. The building underwent a complete rehabilitation in 2014, including updated mechanical systems, storefronts, and masonry. Central air and water availability are also noted.

The first floor provides an open arrangement with 12-foot ceilings, wood flooring, portions of exposed brick, modern lighting, and one ADA bathroom. The excavated basement offers increased ceiling height and is prepared for tenant improvements. One tandem parking space is available behind the building. Restaurant users are welcome, and the property is identified with COMMR zoning.

Key Highlights

  • Ground‑floor and basement retail space in a 3‑story mixed‑use brick building
  • Building completely rehabbed in 2014 with newer mechanicals and updated storefronts
  • First floor features an open layout, 12' ceilings, wood floors, exposed brick, and new lighting

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

$25.43 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
7,935 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 - Ground-floor and basement commercial space with open plans, high ceilings, wood floors, and 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; Building completely rehabbed in 2014 with newer mechanicals and updated storefronts; First floor features an open layout, 12' ceilings, wood floors, exposed brick, and new lighting
More about this property
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