Centrum Old Irving — Sale in Chicago, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Chicago, IL
Photos
Description
Available sqft: 2088 2,088 SF RETAIL/OFFICE SPACE ON THE GROUND FLOOR Available immediately Exceptionally rare highway signage for small shop retail 4 signs are available for street level branding as well Directly adjacent to Irving Park Metra Station, Irving Park CTA Blue Line Station (1.2 Million riders) and full Kennedy Expressway interchange Two story retail building with dedicated parking lot at lighted intersection 33 fully occupied luxury apartments adjacent Mixed-used luxury apartment and retail building at the corner of Irving Park Road and Keeler Avenue in Old Irving Park. One 2,088 sf ground floor retail/office opportunity remains. The project is easily accessed via the full Irving Park Road interchange with the Kennedy Expressway. On-site parking and great co-tenancy with Potbelly Sandwiches, Lou Malnati's, and Lifestance.
Market Context
This retail in Chicago, IL is listed for sale. Compare it against other retail listings for sale in Chicago, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Explore this market
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