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Corner Retail Storefront with Multiple Access
For Lease
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245 W North Avenue, Chicago, IL 60610

Commercial Lease, Chicago, IL

Space Size3,602 SF
Days on Market34

Property Features for 245 W North Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning RTAIL
Directions Located on the southeast corner of North Ave and North Park Ave just west of Wells Street.
Subdivision CHI - Near North Side
Standard status Active

Taxes and HOA fees

Tax Year 2023

Utilities

Cooling system Window Unit(s)

Amenities

open floor plan
signage opportunities

Building Details

Year built 1932
Floors in Building 3
Listing Agency: Chicago Real Estate Resources
Listed By: Nathan Gautsche · License #475120343
Added: Jul 23 Changed: Aug 19 Last Checked: Aug 25 at 1:06AM
MLS# 12715120

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.

Located at 245 W North Avenue in Chicago, this corner retail storefront provides an open floor plan totaling 3,602 SF. The space includes access from both North Ave and North Park Ave, supporting multiple points of arrival and clear opportunities for prominent signage.

The property is positioned with co-tenancy that includes Rosin Eyecare and PT Solutions Physical Therapy. Existing zoning is described as B3, with a wide range of uses permitted, including (but not limited to) art gallery, animal hospital, vet clinic, day care, bakery, cafe, deli, medical office, and salon (special use).

Key Highlights

  • Prime Old Town corner storefront on highly visible North Ave
  • 3,602 SF open floor plan
  • Access from both North Ave and North Park Ave, with signage opportunities

Property Analytics

Current Use

Tim Anderson Artist Peak Properties Property Management Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Auto Parts Store Nursing Home Butcher Mobile Phone Store

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

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,838
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 67% Dining 29% Beauty & Spa 5%
BP Shops & Services
17,846 visits/mo 0.2 miles
Shell Shops & Services
16,063 visits/mo 0.2 miles
McDonald's Dining
11,226 visits/mo 0.1 miles
Potbelly Sandwich Shop Dining
3,304 visits/mo 0.1 miles
Jeni's Splendid Ice Creams Dining
2,892 visits/mo 0.3 miles

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$26.81 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,584 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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Similar Off Market Nearby

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  • Veroniques Floral, Ltd. 1162 N La Salle Dr, Chicago, IL 60610
  • Green Inc 1718 N Wells St, Chicago, IL 60614

Frequently Asked Questions

What type of property is this?
Storefront property - Corner storefront offers an open floor plan and separate access from North Ave and North Park Ave.
Where is this storefront property located?
The property is located at 245 W North Avenue Chicago, IL.
What are key features of this property?
This property features: Prime Old Town corner storefront on highly visible North Ave; 3,602 SF open floor plan; Access from both North Ave and North Park Ave, with signage opportunities
More about this property
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