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Two-Story Retail/Office Building
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4823 W Irving Park Rd, Chicago, IL 60641

Two-story building with two floors of retail/office space, including a fully built-out dance/music studio and a lower-level restaurant setup.

Property Size4,000 SF
Days on Market123

Property Features for 4823 W Irving Park Rd

General Information

Standard status Active
Size 4,000 SF
Property subtype Retail, Office

Site & Location

Traffic Count 24,500 vehicles/day
Highway Access Yes

Building Details

Stories 2
Listing Agency: SVN | Chicago Commercial
Listed By: Angelo Labriola · License #IL 475130926
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 3:23PM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

The property is an approximately 4,000 SF two-story retail/office building with roughly 2,000 SF per floor. The first floor is fully built out and currently operating as a dance/music studio. The lower level is configured for a restaurant, described as currently closed, with black iron installed; additional black iron is also noted for restaurant use in the garden level. The building has undergone multiple updates and renovations.

Located in Chicago’s Six Corners neighborhood, the property sits just off the major intersection of Cicero Ave., Irving Park Rd, and Milwaukee Ave. Public remarks indicate 24,500 vehicles per day passing in front of the building and over 50,000 vehicles per day at the intersection. Access is described as convenient to the Kennedy Expressway (I-90/94), Metra Rail, and the CTA Blue Line. The area is described as retail and restaurant-dense, with national and regional retailers listed in the immediate surroundings.

Key Highlights

  • Approximately 4,000 SF two‑story retail/office building in Chicago’s Six Corners neighborhood
  • Two floors of about 2,000 SF each, with space currently used as a dance/music studio on the first floor
  • Lower level includes a currently closed restaurant setup with black iron installed and black iron for a restaurant space in the garden level

Property Analytics

Current Use

Ortega Family Agency ... Insurance Agency Nuevo Pacto Chicago Church

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hotel & Motel Skin Care Clinic Hair Salon

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

24,500 VPD
Traffic count
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,958
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story building with two floors of retail/office space, including a fully built-out dance/music studio and a lower-level restaurant setup.
Where is this office building located?
The property is located at 4823 W Irving Park Rd Chicago, IL.
What are key features of this property?
This property features: Approximately 4,000 SF two‑story retail/office building in Chicago’s Six Corners neighborhood; Two floors of about 2,000 SF each, with space currently used as a dance/music studio on the first floor; Lower level includes a currently closed restaurant setup with black iron installed and black iron for a restaurant space in the garden level
(312) 676-1878 Call to check price and availability
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