Property profile

1725 Chicago Ave Chicago, IL 60622

OFF-MARKET
Retail properties & Spaces
10,000 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents two adjacent, 1,500-square-foot spaces in Chicago's vibrant West Town neighborhood, offering the flexibility to lease individually or combine for a total of 3,000 square feet. Located on Chicago Avenue, this high-visibility space is a former ice cream/cafe, boasting brand-new storefronts and mechanical systems, completed in 2024 as part of a comprehensive building renovation. The ground floor retail space is complemented by residential apartments above. The property benefits from a strong co-tenancy, including established businesses such as Brasero, Roots Handmade Pizza, Mariano's, and many others, ensuring high foot traffic and a thriving commercial environment. Situated within a well-established and rapidly growing community, bordered by Wicker Park, East Village, Noble Square, and Ukrainian Village, this location offers excellent accessibility and visibility. The area is known for its tree-lined streets, strong housing stock, and proximity to downtown Chicago, making it a highly desirable location for businesses and residents alike. The building is zoned B1-2, and the total building size is 10,000 square feet, spread across two stories. This is a single-tenant space in a building with one structure. This is an ideal location for a variety of food and beverage concepts, or any business seeking a high-traffic, well-established neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Dental Office
  • Dental Office

Location

1725 Chicago Ave Chicago, IL 60622
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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