Lincoln Square Retail/Studio
For Lease
$20 SF/Yr
4541 N Western Avenue, Chicago, IL 60625
High-exposure retail space near Welles Park and major transportation.
Space SizeContact for details
Days on Market209
Property Features for 4541 N Western Avenue
General Information
Standard status
Active
Zoning
COMMR
Building Details
Year Built
1900
Stories
2
Units
1
Listing Agency:
Pontarelli Associates
(773) 631-6121
Listed By:
John Pontarelli · License #471014110
(773) 631-6121
Source:
Perillorealestategroup
Added: Jan 26
Changed: Aug 23
Last Checked: Aug 22 at 10:34AM
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 Pontarelli Associates
Investment Insights
Based on property information with market context.
Located in a Lincoln Square hot spot, this street-level retail storefront offers maximum exposure on busy Western Avenue. The space features three large display windows at the entrance, leading to a waiting room and a clearspan retail/conference room/studio with 10-foot ceilings. A private hallway provides access to two private suites, two bathrooms (one with a shower), a commercial kitchen needing TLC, and a utility closet. The halls and back area have ceramic tiled floors. This space is suitable for various uses, including sales, general retail, yoga, sports, fitness, nutrition, medical/dental, arts, and music. Its proximity to Welles Park also presents an opportunity for daycare. The location is also well-suited for food and beverage businesses. A major EL Train Station is located a few steps north. The space is available immediately.
Key Highlights
- High‑traffic location on Western Avenue in Lincoln Square.
- Versatile space suitable for retail, fitness, medical, arts, or food/beverage businesses.
- Proximity to a major EL Train Station.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,933
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 32%
Home Improvements & Furnishings 4%
Beauty & Spa 1%
Wendy's
Dining
16,427 visits/mo
0.4 miles
Burger King
Dining
14,996 visits/mo
0.2 miles
Dollar Tree
Shops & Services
8,360 visits/mo
0.2 miles
AutoZone
Shops & Services
7,489 visits/mo
0.2 miles
Little Caesars Pizza
Dining
7,253 visits/mo
0.3 miles
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size
This space is priced 23% below the average of $25.9 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-exposure retail space near Welles Park and major transportation.
Where is this retail space located?
The property is located at 4541 N Western Avenue Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on Western Avenue in Lincoln Square.; Versatile space suitable for retail, fitness, medical, arts, or food/beverage businesses.; Proximity to a major EL Train Station.
