Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12544032MLS Provider

2542 W North AvenueChicago, IL 60647

Commercial · 8,000 Sq. ft.
$1,200,000 Active

2542 W North Avenue Overview

Time on Site:
171 days
Visits:
5

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.

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2542 W North Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 8,000
  • Price/Sq.ft. $150

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1920

Business Information

  • Current Use: Commercial,Condominium,Other

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $50,779.23
  • Tax Year: 2024

General Information

  • Parcel Number: 14182210291011
  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8000

General Information

  • Cooling: Central Individual
  • Electric: Separate Meters
  • Leasable Area: 8000
  • Stories: 1

Unit Information

  • Unit SqFt.: 8000

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 67X117
  • Lot Size Square Feet: 12445

Building Exterior/Construction

  • Construction Materials: Brick, Stone

General Information

  • Number Of Units Total: 1

2542 W North Avenue Neighborhood

Community

60647 (CHICAGO) Demographics

32
Median Age
21,129
Population Density (per sq. mile)
62%
College Educated
$82,433
Estimated Median Income
13,520
Estimated Total Home Owners
22,512
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2542 W North Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2542 W North Avenue Market Data

Based on the last 30 days in this zip code

$833,664
Average List Price
$749
Average Price per Square Foot
66
Properties Sold
41
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

2542 W North Avenue History

Date Event Value Agent
1/14/2026Source: MRED Status Change
Active
1/14/2026Source: MRED Status Change
Active
1/9/2026Source: MRED Added to Database
January 09, 2026
1/9/2026Source: MRED Added to Database
January 09, 2026