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    2521 W North Ave Chicago, IL 60647

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    For Lease
    $24 SF/Yr

    Commercial condo in vibrant East Humboldt Park/West Town. High visibility.

    Property Features for 2521 W North Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2004

    Source: BAIRD & WARNER Agent THURSTON GAYLE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space on North Avenue

    Located at 2521 W North Avenue in Chicago's East Humboldt Park/West Town area, this commercial condo offers a ground-floor space suitable for various business ventures. The property is situated blocks from the intersection of North Avenue and Western Avenue, benefiting from high exposure. The layout includes a private office with glass French doors, a large general use area, a bathroom, a utility closet, and in-unit storage. Non-load-bearing half walls allow for customization of the space. Metered parking is available on North Avenue, with free parking on nearby side streets. The area is zoned B3-2 Community Shopping District, accommodating shopping centers, large stores, and retail storefronts along major streets. The location benefits from an Average Daily Traffic count of 22,800 vehicles. Tenants are responsible for air conditioning, heat, electricity, repairs, and maintenance.
    Location Intelligence

    Current Use by Public Records

    THE IDS GROUP CHICAGO, ... Mental Health Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.690529
    Latitude
    41.910225

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    FAQs

    What type of property is this?
    Retail space - Commercial condo in vibrant East Humboldt Park/West Town. High visibility.
    Where is this retail space located?
    The property is located at 2521 W North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the East Humboldt Park/West Town area with high visibility and foot traffic (22,800 Average Daily Traffic count).; - Zoned B3-2 Community Shopping District, suitable for various businesses.; - Convenient parking options with metered spots on North Avenue and free parking on side streets.
    (708) 697-5900
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    2521 W North Ave Chicago, IL 60647
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    Chicago, IL 60647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2521 W North Ave Chicago, IL 60647
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