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Surface Parking Retail Opportunity
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3621 N Western Ave, Chicago, IL 60618

Multi-tenant retail development offers surface parking access on heavily traveled Western Avenue.

Space Size3,540 SF
Days on Market857

Property Features for 3621 N Western Ave

General Information

Standard status Active
Size 3,540 SF
Property subtype RETAIL
Lease Type NNN

Site & Location

Neighborhood North Center

Additional Details

Business Included No

Building Details

Tenancy Multi

Spaces For Lease

at 3621 N Western Ave
3649 North Western Ave $55/SF/Yr
Floor 1
Size 3,540 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Multi-tenant retail development located on heavily traveled Western Avenue north of Addison Avenue. Excellent visibility, daytime and evening traffic drivers. Rarely available surface parking opportunity in City of Chicago.
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Listing Agency: Marc Realty
Listed By: Yasmin Aurora
Source: Moodyscre
Added: Jun 28, 2024 Changed: Oct 25 Last Checked: Oct 30 at 2:54PM

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 Marc Realty

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Investment Insights

Based on property information with market context.

This multi-tenant retail development is available for lease and includes a surface parking opportunity in the City of Chicago. The asset is configured as storefront-oriented retail within a shared commercial property.

The property is located on Western Avenue north of Addison Avenue, with visibility to daytime and evening traffic drivers. The location supports retail traffic and convenient customer access via the on-site surface parking.

As a rarely available parking-focused option within an operating retail environment, this space is best suited for tenants seeking storefront presence with direct customer parking.

Key Highlights

  • Multi‑tenant retail development on Western Avenue, north of Addison Avenue
  • Located on a heavily traveled Western Avenue with daytime and evening traffic
  • Surface parking available and accessed through the property site (rarely available parking opportunity in the City of Chicago)

Property Analytics

Current Use

Chicago Oral Surgery ... Dental Office Sploot Veterinary Care ... Veterinary Clinic

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Tanning Salon Butcher Nursing Home Clothing & Fashion 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
NNN (Triple Net)
Lease Type
$8.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,400
Businesses Nearby
108k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 96% Dining 4%
Mariano's Groceries
56,899 visits/mo 0.4 miles
Jewel-Osco Groceries
46,171 visits/mo 0.3 miles
Wingstop Dining
2,713 visits/mo 0.5 miles
Bibibop Asian Grill Dining
1,831 visits/mo 0.5 miles

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,623 SF
Avg Space Size

This space is priced 119% above the average of $25.14 /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

Frequently Asked Questions

What type of property is this?
Retail space - Multi-tenant retail development offers surface parking access on heavily traveled Western Avenue.
Where is this retail space located?
The property is located at 3621 N Western Ave Chicago, IL.
What is the lease rate?
The lease rate is $55 SF/Yr.
What are key features of this property?
This property features: Multi‑tenant retail development on Western Avenue, north of Addison Avenue; Located on a heavily traveled Western Avenue with daytime and evening traffic; Surface parking available and accessed through the property site (rarely available parking opportunity in the City of Chicago)
(847) 330-1300 · Office Call to check price and availability
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