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Retail Space with High Ceilings
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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

free parking
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: Sep 1 at 8:06AM
MLS# 12711891

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 retail space offers an open interior with high ceilings, large windows, central air, a bathroom, and storage area. The property was built in 2021 and needs updating, providing a commercial setting for office, gallery, general store, medical, or other uses identified in the listing. C1-2 zoning supports its commercial positioning.

The space is positioned on Cermak Road west of Western Avenue in Chicago’s Little Village area. On-site parking is available in the property lot, with the tenant responsible for gas, electric service, and maintenance of the common-area parking lot. The initial lease term is 1 year, with 2-3 year options.

Key Highlights

  • C1‑2 commercial business zoning
  • Open floor plan with high ceilings, large windows, bathroom, and storage
  • Central air conditioning and HVAC

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
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,593
Businesses Nearby
198k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 64% Dining 30% Electronics 5%
Dollar Tree Shops & Services
29,998 visits/mo 0.2 miles
Dunkin' Donuts Dining
15,231 visits/mo 0.3 miles
BP Shops & Services
14,380 visits/mo 0.5 miles
Speedway Shops & Services
14,019 visits/mo 0.1 miles
Little Caesars Pizza Dining
13,456 visits/mo 0.3 miles

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 Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial layout with HVAC, dedicated storage, and bathroom access in a C1-2 zoning district.
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: C1‑2 commercial business zoning; Open floor plan with high ceilings, large windows, bathroom, and storage; Central air conditioning and HVAC
More about this property
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