Property profile

2738 North Ave Chicago, IL 60647

OFF-MARKET
Retail properties & Spaces
5,630 SF Built 1905
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Property summary

AI-generated overview

This exceptional 972-square-foot commercial space, located in the vibrant West Town submarket, offers a unique opportunity for a variety of businesses. Situated on North Avenue, steps from Humboldt Park, this single-tenant property boasts excellent visibility and ample street parking. The building, constructed in 1905 and extensively renovated in 2024, features three stories and a total of 5,630 square feet. This particular unit offers a desirable "white box" layout, allowing for complete customization to suit your specific needs. The landlord is willing to provide a tenant improvement allowance to assist with build-out. The space features high ceilings, exposed brick, and abundant natural light, creating a loft-like atmosphere. There are no interior columns, maximizing usable space. The property benefits from new mechanical systems and is zoned B1-1, accommodating a wide range of uses, including medical offices, traditional offices, and restaurants. Annual property taxes are $4.70 per square foot. While there are no elevators, the building's three-story configuration offers unique possibilities. The property's prime location near Humboldt Park ensures high foot traffic and strong neighborhood appeal. This is an ideal space for a business seeking a move-in ready, customizable location in a thriving Chicago neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1905
Total area 5,630 SF

Cap rate & NOI

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

Location

2738 North Ave Chicago, IL 60647
Chicago metro
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Value estimations

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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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