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INVESTMENT HIGHLIGHTS
- Prime Lincoln Square location with exceptional visibility
- High ceilings and adaptable floor plans for multiple uses
- Strong demographics and traffic counts for retail success
- Two-story Retail showroom plus versatile Lower Level
- TOD site steps from Brown Line and major bus routes
- Development / Expansion Opportunity / Value Add
EXECUTIVE SUMMARY
Ideally located in the heart of Chicago’s vibrant Lincoln Square neighborhood, 4841 N Western Avenue offers a rare opportunity to acquire a premier retail showroom property in a high-traffic, transit-oriented corridor. This two-story building, complemented by a spacious lower level, provides exceptional visibility along Western Avenue with 125 feet of frontage and exposure to nearly 30,000 vehicles per day. The property spans over 16,000 square feet above grade plus 8,000 square feet below, featuring soaring 17-foot ceilings on the first floor and flexible layouts ideal for retail, showroom, or creative use.
Situated on a 13,348-square-foot parcel with dedicated parking for 8–12 vehicles, the asset benefits from B3-3 zoning, supporting a wide range of commercial applications. Its proximity to the Western Avenue Brown Line station and multiple transit options underscores its accessibility, while Lincoln Square’s bustling mix of dining, entertainment, and residential density ensures strong consumer traffic. Surrounding demographics reflect a robust customer base, with over 113,000 residents within one mile and affluent household incomes.
Offered at $2,650,000, this property represents a strategic investment in one of Chicago’s most desirable urban neighborhoods. Whether for an owner-user seeking a flagship location or an investor targeting long-term value, 4841 N Western Avenue delivers unmatched potential in a dynamic retail corridor.
Also available for lease at $35/square foot MG
Situated on a 13,348-square-foot parcel with dedicated parking for 8–12 vehicles, the asset benefits from B3-3 zoning, supporting a wide range of commercial applications. Its proximity to the Western Avenue Brown Line station and multiple transit options underscores its accessibility, while Lincoln Square’s bustling mix of dining, entertainment, and residential density ensures strong consumer traffic. Surrounding demographics reflect a robust customer base, with over 113,000 residents within one mile and affluent household incomes.
Offered at $2,650,000, this property represents a strategic investment in one of Chicago’s most desirable urban neighborhoods. Whether for an owner-user seeking a flagship location or an investor targeting long-term value, 4841 N Western Avenue delivers unmatched potential in a dynamic retail corridor.
Also available for lease at $35/square foot MG
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,135 SF
Building Class
C
Year Built
1930
Price
$3,649,872 CAD
Price Per SF
$151.23 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.31 AC
Zoning
B3-3 - Community Shopping District
Parking
12 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 14-07-318-006-0000 | Total Assessment | $478,018 CAD (2024) |
| Land Assessment | $184,432 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $293,587 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
14-07-318-006-0000
Land Assessment
$184,432 CAD (2024)
Improvements Assessment
$293,587 CAD (2024)
Total Assessment
$478,018 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4841 N Western Ave
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