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    2401 North Ave Chicago, IL 60647

    For Lease
    $24 SF/Yr ($9,000 /Mo)

    4,500 SF Medical Office, North Ave Corner

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4,500-square-foot medical office space is available for lease at 2401 W. North Ave in Chicago, IL, zip code 60647. Located on a prime corner lot at the southwest intersection of North and Western Avenues, this single-tenant property boasts excellent visibility and accessibility. The building features extensive window lines, providing ample natural light throughout. High-end residential apartments are situated above the commercial space. The property benefits from its proximity to both the CTA Blue Line's Western and Damen stations, and the popular 606 Trail, ensuring convenient access for patients and staff. Situated in the vibrant Wicker Park/Humboldt Park neighborhood, this location is surrounded by a dense population of young professionals and families, creating a strong potential customer base. The B3-2 zoning allows for a variety of medical uses. This area is experiencing rapid demographic shifts, attracting a diverse range of businesses and residents. The property's strategic location and attractive features make it an ideal opportunity for medical practices seeking a high-profile presence in a thriving Chicago neighborhood. The entire 4,500 square feet is currently vacant.

    Property Features for 2401 North Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    9000

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,500 SF
    Rate per SF
    $24

    HighLights

    • 4,500 SF retail storefront with ample reception area, multiple private offices, and storage. Ideal for office, medical, or retail use.
    • High visibility storefront with excellent window line.
    • Prime corner location at North and Western Avenues.
    • Excellent signage opportunities for high brand exposure.
    • Strong tenant mix nearby, including Walgreens, Cermak Produce, AutoZone, H&R Block, Subway, Dental 360, and Pizza Hut.
    • High traffic intersection with 51,700 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    LeadLab Media Advertising Agency Illinois Mortgage Funding Mortgage Lender

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.687502174881
    Latitude
    41.910261443625

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    FAQs

    What type of property is this?
    Medical office - 4,500 SF Medical Office, North Ave Corner
    Where is this medical office located?
    The property is located at 2401 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: 4,500 SF retail storefront with ample reception area, multiple private offices, and storage. Ideal for office, medical, or retail use.; High visibility storefront with excellent window line.; Prime corner location at North and Western Avenues.
    Request Owner's contact information
    2401 North Ave 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
    2401 North Ave Chicago, IL 60647
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