If you’re a guitarist, bassist, or gear head, a trip to Chicago Music Exchange (CME) feels less like shopping and more like stepping into a living museum.
The store, at 3316 North Lincoln Avenue, is one of the most famous instrument shops in the country, known for its rare vintage gear, massive guitar walls, and relaxed, welcoming vibe.
A Bit of History
CME first opened in the early 1990s under founder Scott Silver.
In 2005, it moved into its current Lincoln Avenue location, a huge building that gave the store room to expand into the playground it is today.
In 2010, entrepreneur David Kalt, who would go on to start Reverb.com, bought the business and pushed it further into the online marketplace, making CME a global name among musicians.
What You’ll See Inside
The store is packed floor to ceiling with instruments, but it’s the vintage selection that draws collectors from around the world.
There’s also a specialty bass section, fittingly called “The Bassment,” along with rooms dedicated to amps, pedals, and acoustic guitars.
The “Vault” showcases high-end and historically important instruments, the sort of guitars that show up in magazines or auctions.
But CME isn’t just about looking. The staff, many of them working musicians, encourage customers to plug in, take their time, and really play the instruments.
Private demo rooms are available for anyone who wants to test gear without distraction.
Beyond the Store
CME has built a huge online presence. Their website lists thousands of instruments, and their YouTube channel is popular for gear demos and performance videos.
They’ve become a major player in the vintage market, shaping trends and setting prices for collectible guitars and basses.
Services
- Repairs and setups for guitars, basses, and amps.
- Buying and trading vintage and used instruments.
- Expert advice from staff who know the history and quirks of the gear they sell.
Visiting Details
- Address: 3316 N. Lincoln Ave, Chicago, IL 60657
- Hours:
- Mon & Tue: By appointment
- Wed–Fri: 12–7 p.m.
- Sat: 10 a.m.–7 p.m.
- Sun: 10 a.m.–5 p.m.
- Phone: (773) 525-7773
It’s easy to get to by CTA, the Paulina Brown Line stop is just a short walk away.
Why It Matters
CME has earned its reputation by being more than just a store. It’s a place where serious collectors, local players, and first-time guitar buyers can all feel at home.
It has influenced not only Chicago’s music community but the wider world of guitar collecting and gear culture.
