2738 North Ave, Chicago, IL 60647
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.