Corner Retail Building
For Sale
Under Contract
$549,900
2357 W North Avenue, Chicago, IL 60647
COMMERCIAL - Chicago, IL
Property Size2,806 SF
Lot Size0.07 Acres
Price / SF$195.97
Days on Market110
Property Features for 2357 W North Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Located at the hard southeast corner of Western & North Avenues
Subdivision
CHI - West Town
Standard status
Active Under Contract
APN
17061000010000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
18629
Utilities
Cooling system
Zoned, Central Air
Building Details
Year built
1931
Floors in Building
1
Building materials
Brick, Concrete
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
David Piotrowski · License #475155906
(312) 216-2422
Added: Apr 14
Changed: Jul 9
Last Checked: Aug 1 at 2:06PM
MLS# 12619415
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.
Situated at the hard corner of Western Avenue and North Avenue, this highly visible retail building offers 2,806 SF of space on a 3,075 SF lot. The property is configured for a storefront-style use and benefits from corner exposure.
The listing indicates strong pedestrian and vehicular traffic and positions the building in the Wicker Park neighborhood area. Zoning is listed as B3-2, which the listing states allows a wide range of commercial uses. The property’s location and access to public transportation, along with nearby neighborhood amenities and a dense residential customer base, may support a variety of retail or service-oriented operations.
Offered for sale at 2357 W North Avenue, this corner asset presents an opportunity for buyers seeking a retail and commercial site under B3-2 zoning.
The listing indicates strong pedestrian and vehicular traffic and positions the building in the Wicker Park neighborhood area. Zoning is listed as B3-2, which the listing states allows a wide range of commercial uses. The property’s location and access to public transportation, along with nearby neighborhood amenities and a dense residential customer base, may support a variety of retail or service-oriented operations.
Offered for sale at 2357 W North Avenue, this corner asset presents an opportunity for buyers seeking a retail and commercial site under B3-2 zoning.
Key Highlights
- Prime hard‑corner location at Western & North Avenues in Wicker Park.
- High visibility with strong pedestrian and vehicular traffic.
- B3‑2 zoning allows for a wide range of commercial uses and new development potential.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $21.60 |
| − Vacancy | −$5.2k | −$1.84 |
| EGI | $55.5k | $19.76 |
| − OpEx | −$16.6k | −$5.93 |
| NOI | $38.8k | $13.83 |
2,806 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,206 @ 7.0% cap · market cap 10.95%
Second Best
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 7.06%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible hard-corner retail building with 2,806 SF and B3-2 zoning.
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: Prime hard‑corner location at Western & North Avenues in Wicker Park.; High visibility with strong pedestrian and vehicular traffic.; B3‑2 zoning allows for a wide range of commercial uses and new development potential.
