Two-Tenant Retail
For Sale
Contact for pricing
4848 W Irving Park Rd, Chicago, IL 60641
Fee-simple ownership includes an occupied medical-use suite alongside additional vacant retail space.
Property Size12,000 SF
Days on Market142
Property Features for 4848 W Irving Park Rd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail
Occupancy
60%
Building Details
Tenancy
Multi
Listing Agency:
Greenstone Partners
(312) 234-0360
Listed By:
Brewster Hague · License #IL 475.165689
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 8:47PM
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 Greenstone Partners
Investment Insights
Based on property information with market context.
This fee-simple retail property comprises approximately 12,000 square feet across two tenant areas. About 7,200 square feet is occupied by Oak Street Health, which operates a primary-care facility for Medicare-eligible adults. The tenant began a 10-year net lease in September 2014 and has exercised a 5-year renewal. Approximately 4,800 square feet remains vacant, representing 60% occupancy across the property.
The building sits 300 feet from the six-corner meeting of Milwaukee, Cicero, and Irving Park. The surrounding Portage Park area includes more than 37,000 residents within 1 mile and 367,000 within 3 miles. Recent nearby development includes hundreds of completed apartment units, 346 additional units planned, and retail anchored by Target and ALDI. Other nearby retailers include Binny’s Beverage Depot, Jewel Osco, Culver’s, Chipotle, Ross Dress for Less, Marshalls, PetSmart, and Walgreens.
The building sits 300 feet from the six-corner meeting of Milwaukee, Cicero, and Irving Park. The surrounding Portage Park area includes more than 37,000 residents within 1 mile and 367,000 within 3 miles. Recent nearby development includes hundreds of completed apartment units, 346 additional units planned, and retail anchored by Target and ALDI. Other nearby retailers include Binny’s Beverage Depot, Jewel Osco, Culver’s, Chipotle, Ross Dress for Less, Marshalls, PetSmart, and Walgreens.
Key Highlights
- Approximately 12,000 square feet of two‑tenant retail space
- Approximately 4,800 square feet vacant; property is 60% occupied
- Approximately 7,200 square feet leased to Oak Street Health
Property Analytics
Current Use
Lease Details
60%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
199k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Apparel 33%
Dining 29%
Home Improvements & Furnishings 1%
Marshalls
Apparel
50,242 visits/mo
0.4 miles
Culver's
Dining
23,761 visits/mo
0.1 miles
Dollar Tree
Shops & Services
23,411 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
19,227 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
15,781 visits/mo
0.3 miles
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 Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Fee-simple ownership includes an occupied medical-use suite alongside additional vacant retail space.
Where is this retail space located?
The property is located at 4848 W Irving Park Rd Chicago, IL.
What are key features of this property?
This property features: Approximately 12,000 square feet of two‑tenant retail space; Approximately 4,800 square feet vacant; property is 60% occupied; Approximately 7,200 square feet leased to Oak Street Health
