2357 North Ave — Sale in Chicago, IL

  • Price: $550K
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60647
  • Size: 2,806 SF
  • Year built: 1930

Investment Figures

Price per square foot
$196
Price per unit
$549,900 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime hard-corner location at Western Avenue and North Avenue in the heart of the Wicker Park neighborhood. Highly visible 2,806 SF retail building situated on a 3,075 SF lot with strong pedestrian and vehicular traffic. B3-2 zoning allows for a wide range of commercial uses and offers excellent potential for new development. Corner exposure provides outstanding signage and branding opportunities. Well-suited for retail, office, service, or neighborhood-focused users, with convenient access to public transportation, surrounding amenities, and a dense residential customer base. Building SF: 2806 | Land Size: 3075.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This office in Chicago, IL is listed for sale at $549,900 across 2,806 SF ($196/SF). The building dates to 1930. It has been on the market for 71 days. Compare it against other office listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Chicago?
About 9.8% as of Q1 2026, per multiple brokerage reports.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

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