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B3-3-Zoned Storefront Retail Space

1-2413 W Madison St, Chicago, IL 60602

For Sale
$135,000

The storefront is currently occupied by a clothing retailer and is zoned B3-3.

Property Size6,000 SF
Price / SF$22.50
Days on Market17

Property Features for 1-2413 W Madison St

General Information

Standard status Active
Size 6,000 SF
Zoning B3-3

Site & Location

Neighborhood Near West Side

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,475
Listing Agency: Inter Properties Inc
Listed By: Konstantin Shelegeda · License #471018886
Source: Exprealty
Added: Oct 22 Changed: Nov 6 Last Checked: Nov 6 at 2:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inter Properties Inc

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Investment Insights

Based on property information with market context.

This storefront retail property is currently leased to a clothing store. Its B3-3 zoning supports its commercial storefront classification.

The property is on West Madison Street at Western Avenue, near Pete’s Market, Walgreens, and a shopping plaza. The listing also places it near the United Center area, with transportation options, highways, and downtown in the surrounding context. The 1901 Project was under construction when the property information was prepared.

Key Highlights

  • B3‑3 zoning
  • Currently leased to a clothing store
  • At West Madison Street and Western Avenue

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Accounting Firm (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store 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.

Location Intelligence

Trade Area within ½ mile

1,324
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 64% Shops & Services 36% Electronics 1%
McDonald's Dining
30,511 visits/mo 0.5 miles
Wendy's Dining
25,573 visits/mo 0.5 miles
BP Shops & Services
10,325 visits/mo 0.5 miles
BP Shops & Services
9,852 visits/mo 0.5 miles
Shell Shops & Services
9,079 visits/mo 0.5 miles

Demographics for 60602, IL

1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Chicago, IL

$251 Jul
$202 Aug
$167 Sep
$170 Oct

Properties on Market for Storefront properties in Chicago

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Honey Street Flowers — 319 N Albany Ave, Chicago, IL 60622
  • Larkspur — 333 N Oakley Blvd #101, Chicago, IL 60612

Frequently Asked Questions

What type of property is this?
Storefront property - The storefront is currently occupied by a clothing retailer and is zoned B3-3.
Where is this storefront property located?
The property is located at 1-2413 W Madison St Chicago, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: B3‑3 zoning; Currently leased to a clothing store; At West Madison Street and Western Avenue
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Includes: Price & PSF · Cap rate · Location · Zoning

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