Property profile

2401 North Ave Chicago, IL 60647

OFF-MARKET
Retail properties & Spaces
4,500 SF
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Property summary

AI-generated overview

This exceptional 4,500-square-foot medical office space is available for lease at 2401 W. North Ave in Chicago, IL, zip code 60647. Located on a prime corner lot at the southwest intersection of North and Western Avenues, this single-tenant property boasts excellent visibility and accessibility. The building features extensive window lines, providing ample natural light throughout. High-end residential apartments are situated above the commercial space. The property benefits from its proximity to both the CTA Blue Line's Western and Damen stations, and the popular 606 Trail, ensuring convenient access for patients and staff. Situated in the vibrant Wicker Park/Humboldt Park neighborhood, this location is surrounded by a dense population of young professionals and families, creating a strong potential customer base. The B3-2 zoning allows for a variety of medical uses. This area is experiencing rapid demographic shifts, attracting a diverse range of businesses and residents. The property's strategic location and attractive features make it an ideal opportunity for medical practices seeking a high-profile presence in a thriving Chicago neighborhood. The entire 4,500 square feet is currently vacant.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,500 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
  • Marketing & Advertising Advertising Agency
  • Loan Service Bank

Location

2401 North Ave Chicago, IL 60647
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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