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    OFF-MARKET
    Retail properties & Spaces

    2738 North Ave, Chicago, IL 60647

    5,630 SF Built 1905
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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