Friday, May 16, 2025

New Listing: Fully Leased Chicago Retail with Value-Add Upside
3217–3229 W Montrose Ave | Albany Park, Chicago
Offered at $995,000 | ±4,000 SF

Fully leased six-unit ground-floor retail property featuring a mix of service, food, and professional tenants. Flexible MTM and short-term leases provide near-term repositioning potential. Current rents average ~$20/SF, with market rates estimated at ~$28/SF MG—offering clear value-add upside. Located on high-traffic Montrose Avenue with 21,000+ vehicles per day, strong CTA access, and a low 3.1% submarket retail vacancy.

View the full listing:
https://creconsult.net/chicago-multifamily-listings/montrose-retail-strip/

Contact:
Randolph Taylor, CCIM
Vice President | eXp Commercial
rtaylor@creconsult.net
630.474.6441
www.creconsult.net

#ChicagoRetail #CommercialRealEstate #AlbanyPark #RetailInvestment #eXpCommercial #CRE #ValueAdd #MontroseAve #RealEstateInvestment

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