Wicker Park Single Tenant Net Lease Retail Investment/ New Construction

$399,000

1723 W North Avenue, Chicago, IL 60622

For Sale

Retail Street Retail

Active

Last Updated: 10/09/2026

Details:

Cap Rate: 10.23%

NOI: $40,800

Building Size: 1,450 sqft

Lot Area: 0.0413 acres

Occupancy: 100%

Units: 1

Year Built: 2024

Floors: 1

Offered by

James Mead

Senior Advisor

SVN | Chicago Commercial

Tim Rasmussen

Assistant Vice President

SVN | Chicago Commercial

Request Info to Unlock

Highlights:

Wicker Park single-tenant net lease retail investment
Brand-new building construction (2024) with original brick facade only
1,450 SF rectangular-shaped retail single-tenant lease investment
Full 1500 sf newly constructed basement included
Four-story mixed-use apartment and retail building
New construction includes glass picture window, front door, wood floor, drywall ceiling & walls, plumbing and HVAC
Hot Wicker Park Submarket of Chicago North Side

Description:

1925 original two unit brick building facade plus two unit addition; comprises brand-new 2024-four unit new construction. Ground-floor retail single-tenant lease investment in a four-story mixed-use apartment and retail building.

Located in the heart of Chicago's bustling Wicker Park neighborhood, the area surrounding 1723 W. North Avenue offers an energetic mix of retail, dining, and entertainment. This highly sought-after location is home to a diverse range of trendy boutiques, popular restaurants, and vibrant nightlife, drawing a constant flow of foot traffic. Nearby attractions include the historic Flat Iron Arts Building, the Wicker Park Farmers Market, and the 606 elevated trail for outdoor enthusiasts. With its dynamic mix of amenities and thriving community, this prime retail destination presents an attractive opportunity for a retail tenant looking to tap into the eclectic energy of Chicago's Wicker Park.

This listing was syndicated through:

1 Space Available

First Floor Free Standing

Available:

Immediately

Sublease:

SQFT

1,450

Lease Rate:

$30/sqft/yr

Lease Type:

Gross

Ground floor, 1,450 sf rectangle-shaped retail space. Historic front brick facade is the only part of the original 1925 building remaining of this otherwise brand-new three-story apartment and retail building located in one of Chicago's hottest submarkets, Wicker Park. Include in the offering is a 1500 sf fully built out full basement of approximately 1500 sf.