Building Details

Year Built 1909

Year Renovated 2014

Stories 3

Units 3

Construction brick

Listing Agency: Compass q***@compass.com Show Phone

Listed By: Quentin Green III · License #475171585 Show Phone

Source: Cavanaghrealty

Added: Aug 3 Changed: Aug 16 Last Checked: Aug 16 at 7:40AM

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Investment Insights

Based on property information with market context.

This retail offering occupies the ground floor and basement of a three-story mixed-use brick building at 2321 W North Avenue in Chicago. The 2,610-square-foot layout includes an open main level with 12-foot ceilings, wood flooring, exposed brick, updated lighting, and one ADA bathroom. The basement has been excavated and modernized to provide greater ceiling height, with the space ready for tenant improvements.

The building underwent a complete rehabilitation in 2014, including newer mechanical systems, storefronts, and updated masonry. One tandem parking space is available at the rear. The property is zoned COMMR, and restaurants are welcome.

Key Highlights

• 2,610‑square‑foot retail space across the ground floor and basement
• 12‑foot ceilings, wood floors, exposed brick, and updated lighting on the main level
• Excavated and modernized basement ready for tenant improvements

Property Analytics

Property Profile

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

$2.55 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

4,998

Businesses Nearby

201k

Monthly Visits Nearby

Explore this area Business Placement

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

This space is priced 34% below the average of $25.68 /SF/Yr.

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Open ground-floor configuration with high ceilings, wood floors, exposed brick, updated lighting, and an ADA bathroom.

Where is this retail space located?

The property is located at 2321 W NORTH Avenue Chicago, IL.

What is the lease rate?

The lease rate is $17 SF/Yr.

What are key features of this property?

This property features: 2,610‑square‑foot retail space across the ground floor and basement; 12‑foot ceilings, wood floors, exposed brick, and updated lighting on the main level; Excavated and modernized basement ready for tenant improvements