Property profile

301 North Ave Chicago, IL 60610

OFF-MARKET
Retail properties & Spaces
23,312 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents 23,312 square feet of vacant space at 301 W North Avenue in Chicago's vibrant Old Town neighborhood. Located on a high-profile corner, the property boasts 39 feet of frontage on North Avenue and offers ample street parking. Units range from a minimum of 1,312 square feet to a maximum contiguous space of 22,000 square feet, providing flexibility for various retail concepts. The space features floor-to-ceiling windows, 13-foot ceilings, and benefits from its location within a six-story luxury apartment building with 69 units. Building amenities include a rooftop deck, fitness center, outdoor kitchen, fire pit, wading pool, and community lounge, attracting a high-end demographic with an average household income exceeding $144,000. The property's strategic location provides easy access to the CTA Brown Line (Sedgwick station), boasting 1 million annual riders, and is just one mile from North Avenue Beach and Lake Shore Drive. The area experiences a high volume of pedestrian traffic (VPD 33,183), making it an ideal location for a variety of retail businesses. The property is zoned B3-5. This is a truly unique opportunity to establish a thriving business in a highly desirable and densely populated area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 23,312 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
  • Apartment Building

Location

301 North Ave Chicago, IL 60610
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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