Corner Storefront
For Sale
$549,900
2357 W North Avenue, Chicago, IL 60647
B3-2 zoning supports a range of commercial uses at a Western Avenue and North Avenue intersection.
Property Size2,806 SF
Lot Size0.07 Acres
Price / SF$195.97
Days on Market194
Property Features for 2357 W North Avenue
General Information
Standard status
Active
Size
2,806 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
B3-2
Site & Location
Neighborhood
Wicker Park
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$18,629
Building Details
Building Size
2,806 SF
Year Built
1931
Stories
1
Listing Agency:
Keller Williams ONEChicago
Listed By:
David Piotrowski · License #475155906
(312) 216-2422
Source:
Fishmangroup
Added: Apr 14
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
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 Keller Williams ONEChicago
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,806-square-foot storefront building occupies a 3,075-square-foot lot at the corner of Western Avenue and North Avenue. Built in 1931, the property carries B3-2 zoning, which permits a range of commercial uses.
The site is in Chicago’s Wicker Park neighborhood, with access to public transportation and nearby amenities. Its corner position offers exposure to both intersecting streets.
The site is in Chicago’s Wicker Park neighborhood, with access to public transportation and nearby amenities. Its corner position offers exposure to both intersecting streets.
Key Highlights
- 2,806 SF retail building on a 3,075 SF lot
- B3‑2 zoning
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,820
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,400
$776.4K
Cap Rate 7%
$554,571
$554.6K
Cap Rate 9%
$431,333
$431.3K
Market Conditions
NOI Build-Up for 2,806 SF
Gross rent
$60.6K $21.60/SF
− Vacancy
−$5.2K −$1.84/SF
EGI
$55.5K $19.76/SF
− OpEx
−$16.6K −$5.93/SF
NOI
$38.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,400
Cap Rate 7%
$554,571
Cap Rate 9%
$431,333
Alternative Uses
Best Use
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,611 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,998
Businesses Nearby
201k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - B3-2 zoning supports a range of commercial uses at a Western Avenue and North Avenue intersection.
Where is this storefront property located?
The property is located at 2357 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,806 SF retail building on a 3,075 SF lot; B3‑2 zoning; Built in 1931
