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    627 W 18Th St Chicago, IL 60616

    For Lease
    $18 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    27
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 627 W 18Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1878
    Number of units
    1
    Flooring type
    Vinyl
    Architectural style
    Other

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Mayra Hernandez (773) 767-1616 License #475189627

    Listing date Nov 9, 2025

    MLS# 12504892 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Retail/Office Space Available

    Located in the historic Pilsen neighborhood of Chicago, this commercial property offers space suitable for a variety of businesses. The recently renovated brick building features updated mechanical systems, central air conditioning, and forced-air heating. The property also includes separate meters and ample storage space. The open floor plan and clean finishes provide a versatile space for potential tenants. The property is suitable for retailers, designers, tech start-ups, wellness operators, or professional offices. Situated on the corner of W. 18th and Desplaines, the location benefits from high visibility and steady foot traffic. The property is near downtown Chicago, University Village, and Bridgeport. Transportation options are readily accessible, including the CTA Pink Line, major bus routes, and access to I-90/94 & I-55.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sahagun Siles Partners Architectural Designer

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6429981
    Latitude
    41.8573814

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    FAQs

    What type of property is this?
    Retail space - Rehabbed commercial space in vibrant Pilsen, ideal for various businesses.
    Where is this retail space located?
    The property is located at 627 W 18Th St Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the high-visibility corner of W. 18th and Desplaines in historic Pilsen.; - Newly rehabbed brick property with updated mechanicals, central A/C, and forced-air heating.; - Versatile open floor plan and clean finishes suitable for various tenants.
    (773) 767-1616
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    627 W 18Th St Chicago, IL 60616
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    Chicago, IL 60616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    627 W 18Th St Chicago, IL 60616
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