Vacant freestanding 2,900 SF building on N Elston… — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60618

Photos

Vacant freestanding 2,900 SF building on N Elston… — Sale in Chicago, IL, photo 1 of 2
Vacant freestanding 2,900 SF building on N Elston… — Sale in Chicago, IL, photo 2 of 2

Description

Freestanding 2,900 SF retail building on busy N Elston Avenue in Chicago's Irving Park neighborhood. Currently configured as an auto repair shop, the property is fully vacant and available for immediate occupancy. Ideal for an owner-user seeking a well-located commercial building with strong street visibility and high daily traffic counts. The property's flexible layout can accommodate a range of retail, service, or automotive uses.

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).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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