2542 W North Ave, Chicago, IL, 60647

2542 W North Ave Chicago, IL 60647

Chicago
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$1,200,000
Last Verified:
Jan 08, 2026

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Highlights


Description

This loft-style, street-level retail space offers a highly versatile opportunity for both owner-users and investors, available for lease or sale. The space features approximately 60 feet of prominent street frontage along North Avenue, delivering exceptional visibility, signage presence, and strong branding exposure in a high-traffic corridor. Floor-to-ceiling storefront windows flood the interior with natural light, highlighting the authentic loft character defined by exposed brick walls and dramatic high wood-beam ceilings. The layout is well-suited for a range of retail, showroom, creative, or service-oriented uses and can be efficiently subdivided to accommodate multiple users or phased occupancy.

In addition to the main retail floor, the property includes valuable basement storage, providing functional back-of-house space rarely available in comparable offerings. A common rooftop outdoor area further enhances the space, offering unique flexibility for tenant or owner use, events, or experiential programming. Two dedicated parking spaces add a meaningful amenity for ownership, staff, or select customer access—an increasingly scarce feature in this submarket.

This loft-style, street-level retail space offers a highly versatile opportunity for both owner-users and investors, available for lease or sale. The space features approximately 60 feet of prominent street frontage along North Avenue, delivering exceptional visibility, signage presence, and strong branding exposure in a high-traffic corridor. Floor-to-ceiling storefront windows flood the interior with natural light, highlighting the authentic loft character defined by exposed brick walls and dramatic high wood-beam ceilings. The layout is well suited for a range of retail, showroom, creative, or service-oriented uses and can be efficiently subdivided to accommodate multiple users or phased occupancy.

In addition to the main retail floor, the property includes valuable basement storage, providing functional back-of-house space rarely available in comparable offerings. A common rooftop outdoor area further enhances the space, offering unique flexibility for tenant or owner use, events, or experiential programming. Two dedicated parking spaces add a meaningful amenity for ownership, staff, or select customer access—an increasingly scarce feature in this submarket.

2542 W North Avenue is strategically positioned within one of Chicago’s most active and desirable retail and lifestyle corridors, located at the western edge of the West Bucktown/Wicker Park commercial district in the broader West Town neighborhood. The property benefits from immediate proximity to the highly trafficked Bucktown and Wicker Park retail corridor, which features a diverse mix of independent boutiques, national retailers, specialty grocers, artisanal cafés, acclaimed restaurants, galleries, and nightlife destinations that attract both local residents and destination-driven consumers. Just one block from The 606 Trail, the location enjoys enhanced pedestrian activity from this popular elevated linear park and multi-use path that seamlessly connects multiple neighborhoods and drives consistent foot traffic.

Connectivity is a key strength of the site. The property is located within blocks of multiple CTA Blue Line stations, including Western and Milwaukee, providing direct access to Chicago’s Central Business District, O’Hare International Airport, and surrounding neighborhoods. In addition, several CTA bus routes along North Avenue offer convenient east–west service, further supporting accessibility for customers and employees. Surrounded by a dense and affluent residential base, strong daytime population, and continued commercial investment, this location offers an exceptional environment for retail, service, or experiential users seeking visibility, accessibility, and sustained customer engagement.


Year Built: 1920
Building Size: 8000sq ft
Lot Size: 0.29 acres


Documents

2542 W North Ave | Sale & Lease OM

Units for Lease

Unit
Space Available: 8000 SF
Lease Type: NNN

Price Per Sqft/Year: $15.00

Map of 2542 W North Ave, Chicago, IL, 60647

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.