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    2740 North Ave Chicago, IL 60647

    Sponsored
    For Lease
    Contact for pricing

    Prime Chicago location, 3,000 sq ft storefront.

    Lot size:
    27,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,000 square foot retail storefront is available for lease at 2740 W. North Avenue in Chicago's Wicker Park neighborhood. Located at the base of a 15-unit apartment building, this space offers high visibility and accessibility. Situated just east of the intersection of California Avenue and North Avenue, it benefits from approximately 23,900 vehicles per day passing by. The property boasts excellent exposure and is ideal for a variety of retail, medical, or service-oriented businesses. The building itself totals 27,528 square feet and was constructed in 2015, featuring elevators for convenient access. This Cook County property is conveniently located less than one mile from the Damen and Western Blue Line "L" stations, providing easy public transportation access. Furthermore, it's approximately 1.5 miles west of the Kennedy Expressway (I-90/I-94), offering convenient access to major roadways. The area is densely populated with strong retail presence, including nearby businesses such as Cermak Produce, Walgreens, Family Dollar, Anytime Fitness, AutoZone, GameStop, Pizza Hut, Burger King, and McDonald's. The building has multiple tenants. Currently, 3,000 square feet is vacant and ready for immediate occupancy.

    Property Features for 2740 North Ave

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,528 SF

    Building Details

    Year Built
    2015

    Unit(s) available at that property

    Space
    Available space
    Size
    3,000 SF

    HighLights

    • High‑traffic storefront available for lease in a 15‑unit apartment building on North Avenue.
    • Retail space boasts floor‑to‑ceiling windows, ADA‑compliant restrooms, and prime North Avenue frontage with high visibility (23,000+ VPD).
    • Excellent location: less than one mile from Damen & Western Blue Line stations and 1.5 miles from the Kennedy Expressway.
    • Strong tenant mix nearby, including Walgreens, Family Dollar, and several fast‑food restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6962247
    Latitude
    41.9104645

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    FAQs

    What type of property is this?
    Multifamily property - Prime Chicago location, 3,000 sq ft storefront.
    Where is this multifamily property located?
    The property is located at 2740 North Ave Chicago, IL.
    What are key features of this property?
    This property features: High-traffic storefront available for lease in a 15-unit apartment building on North Avenue.; Retail space boasts floor-to-ceiling windows, ADA-compliant restrooms, and prime North Avenue frontage with high visibility (23,000+ VPD).; Excellent location: less than one mile from Damen & Western Blue Line stations and 1.5 miles from the Kennedy Expressway.
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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
    2740 North Ave Chicago, IL 60647
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