2312 W Touhy Ave
Retail | 4,300 SqFt
Marketing description
ntroducing a rare opportunity to own a fully renovated commercial property in one of Chicago’s most vibrant neighborhoods. Located at 2312 W Touhy Avenue in West Ridge, this 4,500 square foot retail/office building offers a unique blend of historic character and modern upgrades, perfectly positioned to serve a diverse and growing community.
Originally built in 1921 and extensively upgraded in 2022, the property showcases timeless architectural details including restored tin ceilings and ornate moldings, balanced with high-end finishes such as porcelain flooring, radiant snow-melt technology on the patio, and Wi-Fi–enabled mechanical systems. The building’s flexible design allows it to be easily subdivided into up to three suites, offering multiple leasing strategies or an owner-user configuration.
A gated outdoor patio provides exceptional value, whether as expanded dining space, daycare play area, or unique tenant amenity. Additionally, the 8-car garage offers both convenience and an income-generating opportunity. The property sits on a 0.20-acre lot with B1-2 zoning, opening the door to a wide range of commercial uses such as retail, café, boutique offices, daycare, or co-working.
Situated along bustling Touhy Avenue, the property enjoys excellent visibility and accessibility, with strong pedestrian and vehicular traffic. The surrounding West Ridge neighborhood is home to nearly 80,000 residents, with median household incomes between $68K and $77K, providing a strong consumer base. The location is further enhanced by proximity to CTA bus routes, the Howard terminal, and Metra rail, ensuring seamless commuter access.
Whether you are an investor seeking a versatile asset with multiple income streams, or an owner-user looking for a highly adaptable, move-in-ready property, 2312 W Touhy Ave delivers the perfect combination of history, design, and opportunity.
Investment highlights
Fully Renovated Asset
Built in 1921 and extensively modernized in 2022 with high-end upgrades including Wi-Fi–enabled mechanical systems, new boilers/furnaces, premium porcelain flooring, snow-melt patio, and energy-efficient windows.
Flexible 4,500 SF Floor Plan
Easily divisible into up to three suites, providing multiple leasing options and risk diversification for investors.
Unique Outdoor Amenity
Large fenced and gated patio with radiant heating system, ideal for outdoor dining, events, or tenant programming—rare for urban Chicago properties.
Income-Generating Garage
8-car garage on-site, with potential rental income of ~$200 per space per month, adding an attractive secondary revenue stream.
Prime Zoning & Use Flexibility
Zoned B1-2, allowing for a wide range of commercial uses including retail, café/restaurant, daycare, co-working, or boutique office space.
Strong Demographics
Located in Chicago’s West Ridge neighborhood with nearly 80,000 residents in the trade area and median household incomes of $68K–$77K, supporting both retail and service-based tenants.
Excellent Accessibility & Visibility
High-exposure site along bustling Touhy Avenue with strong vehicular and pedestrian traffic. Easy access to CTA bus lines, Howard terminal, and nearby Metra stations.
Turnkey Investment or Owner-User Opportunity
Move-in ready with minimal capex required—ideal for investors seeking stabilized cash flow or for an owner-user looking to occupy with supplemental rental income.
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