Listing provided courtesy of @properties CommercialMREDas Distributed by MLSGrid- MLS# 12600247MLS Provider

1502 W Chicago AvenueChicago, IL 60642

Commercial
$21 Active

1502 W Chicago Avenue Overview

Time on Site:
97 days
Visits:
0

1,892 SF second-generation retail/office condo located along Chicago Avenue in the heart of West Town, offering over 40' of frontage and two storefront entrances. The space is currently built out with five private offices, a conference room, reception/waiting area, kitchenette, and an ADA-compliant restroom with shower, making it well-suited for a variety of retail, medical, or office users. Positioned on a highly active corridor, the property benefits from strong visibility, consistent pedestrian and vehicle traffic, and excellent signage exposure. The surrounding area features a vibrant mix of established retailers, restaurants, and dense residential development, creating a steady customer base and daytime population. Nearby national and local tenants include Brasero, Roots Handmade Pizza, and Mariano's, reinforcing the strength of the corridor. This is an ideal opportunity for an owner-user or investor to secure a well-located commercial condo in one of Chicago's most sought-after neighborhood retail markets.

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1502 W Chicago Avenue Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net

Building Information

  • Year Built: 2013

Location/Region

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

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $44,567.70
  • Tax Year: 2024

General Information

  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Lease

Interior

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Leasable Area: 1900
  • Stories: 4

Unit Information

  • Unit SqFt.: 1900

Exterior

Lot Information

  • Frontage Type: City Street

General Information

  • Number Of Units Total: 1

1502 W Chicago Avenue Neighborhood

Community

60642 (Chicago) Demographics

32
Median Age
11,650
Population Density (per sq. mile)
78%
College Educated
$120,442
Estimated Median Income
3,519
Estimated Total Home Owners
6,220
Estimated Total Renters
36% / 64%
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.

1502 W Chicago Avenue Market Data

Based on the last 30 days in this zip code

$703,783
Average List Price
$567
Average Price per Square Foot
38
Properties Sold
30
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

1502 W Chicago Avenue History

Date Event Value Agent
5/17/2026Source: MRED Status Change
Active
5/12/2026Source: MRED Price Reduction
$21 -8.7%
5/12/2026Source: MRED Status Change
Price Change
3/29/2026Source: MRED Status Change
Active
3/24/2026Source: MRED Added to Database
March 24, 2026