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Open-Plan Retail Space
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2418 W CERMAK Road, Chicago, IL 60608

Commercial Lease, Chicago, IL

Space SizeContact for details
Days on Market43

Property Features for 2418 W CERMAK Road

General Information

Property type Commercial Lease
Property subtype Retail
Directions North of South on Western Ave to Cermak Rd. West on Cermak Rd to property Next to McDonalds
Subdivision CHI - Lower West Side
Standard status Active

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2244

Utilities

Cooling system Central Air

Amenities

bathroom
storage space
open floor plan
High Ceilings
Large windows
HVAC

Building Details

Year built 2021
Floors in Building 1
Listing Agency: REMAX Legends · RE/MAX International
Listed By: Edgardo Guerrero · License #475159071
Added: Jul 21 Changed: Aug 20 Last Checked: Aug 31 at 11:06PM
MLS# 12711859

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2021 retail space offers an open interior arrangement with a bathroom, dedicated storage, high ceilings, and large windows that bring in abundant daylight. Central air conditioning supports year-round comfort, while the C1-2 commercial business zoning accommodates general, medical, office, art or gallery, and general store uses as identified for the property.

The space is positioned on Cermak Road west of Western Avenue in Chicago’s Little Village area, with access to a property parking lot offering free parking. The tenant is responsible for gas, electric service, and maintenance of the common-area parking lot. Lease terms include an initial 1-year term with 2-3 year options.

Key Highlights

  • 2021 construction with open interior layout
  • C1‑2 commercial business zoning
  • Bathroom and dedicated storage space

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Pet Grooming Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,593
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - C1-2-zoned retail space with central air, natural light, storage, and on-site parking.
Where is this retail space located?
The property is located at 2418 W CERMAK Road Chicago, IL.
What are key features of this property?
This property features: 2021 construction with open interior layout; C1‑2 commercial business zoning; Bathroom and dedicated storage space
More about this property
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