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    415 North Ave Chicago, IL 60610

    Sponsored
    For Lease
    Contact for pricing

    2,600 SF Retail, Old Town, Lease

    Lot size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,600 square foot retail space is ideally situated in Chicago's vibrant Old Town neighborhood, offering immediate occupancy. The property boasts bright, clean interiors and benefits from high visibility along North Avenue. The space features impressive 13+ foot clear ceiling heights on the main level, complemented by an additional 2,300 square foot basement with 8-foot ceilings. Completely renovated in 2018, this vintage mixed-use building also includes eight luxury apartments above. The location is incredibly convenient, with a dense, affluent residential population nearby (14,005 households within 0.5 miles, median household income $182,743). Public transportation is readily accessible, with the Sedgwick 'L' Station (Brown/Purple lines) just steps away and a CTA bus stop directly in front. The property is within easy walking distance of Old Town's renowned retail, entertainment, dining, and nightlife options, including iconic venues such as The Second City, Zanies Comedy Club, and Old Town Ale House. Parking is available. This property presents a unique opportunity for a business seeking a high-profile location in a thriving, established community. The space is suitable for a variety of retail uses. The combination of size, location, and amenities makes this an exceptional offering.

    Property Features for 415 North Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,600 SF

    Unit(s) available at that property

    Space
    Size
    2,600 SF

    HighLights

    • 2,600 SF of retail space available for lease, plus 2,300 SF basement.
    • Bright, clean, and ready for immediate occupancy.
    • High‑visibility Old Town location with North Avenue frontage.
    • High ceilings (13'+ on main level, 8' in basement).
    • Fully renovated in 2018; located in a mixed‑use building with luxury apartments above.
    • Excellent demographics: 14,005 households within 0.5 miles, median household income $182,743.
    Property Profile Location Intelligence

    Current Use by Public Records

    Scott & Payne Studios Photography Studio Partners & Co. Financial Institution

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -87.6392997
    Latitude
    41.9108709

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    FAQs

    What type of property is this?
    Restaurant - 2,600 SF Retail, Old Town, Lease
    Where is this restaurant located?
    The property is located at 415 North Ave Chicago, IL.
    What are key features of this property?
    This property features: 2,600 SF of retail space available for lease, plus 2,300 SF basement.; Bright, clean, and ready for immediate occupancy.; High-visibility Old Town location with North Avenue frontage.
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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
    415 North Ave Chicago, IL 60610
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