Single-Tenant Retail
For Lease
$15 SF/Yr
106 S Laramie Ave, Chicago, IL 60644
Freestanding retail building with prominent Laramie Avenue visibility and on-site parking, offering a strong base for neighborhood-serving uses.
Space Size11,400 SF
Days on Market93
Property Features for 106 S Laramie Ave
General Information
Standard status
Active
Size
11,400 SF
Property subtype
Retail
Zoning
B1
Lease Term
NNN
Additional Details
Highway Access
Yes
Building Details
Building Size
11,400 SF
Tenancy
Single
Spaces For Lease
at 106 S Laramie Ave Contact us- Size
- 11,400 SF
106 S Laramie $15/SF/Yr
- Type
- Space Type
Name
Listing Agency:
Friedman Real Estate IL LLC
(847) 682-5024
Listed By:
Kellen Duggan · License #475155060
(847) 682-5024
Source:
Friedmanrealestate
Added: Jun 2
Changed: Aug 28
Last Checked: Sep 1 at 4:36PM
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 Friedman Real Estate IL LLC
Investment Insights
Based on property information with market context.
This single-tenant retail building spans 11,400 square feet and includes an on-site parking lot for customer and staff convenience. The property is positioned for straightforward operations with dedicated street presence and a recent roof replacement, including a transferable warranty to support long-term occupancy planning.
Located within Chicago’s Austin neighborhood, the building benefits from prominent frontage and visibility along Laramie Avenue. The property also provides immediate access to Madison Street and I-290, which can be helpful for tenant logistics and customer reach. The site is described as being in an area with a dense surrounding population exceeding 850,000 within a 5-mile radius.
Zoned B1, the building is in a Neighborhood Shopping District that allows for various retail and commercial uses. This configuration typically fits tenants looking for a standalone location with dependable street exposure, practical parking, and flexibility to support retail-oriented business models.
Located within Chicago’s Austin neighborhood, the building benefits from prominent frontage and visibility along Laramie Avenue. The property also provides immediate access to Madison Street and I-290, which can be helpful for tenant logistics and customer reach. The site is described as being in an area with a dense surrounding population exceeding 850,000 within a 5-mile radius.
Zoned B1, the building is in a Neighborhood Shopping District that allows for various retail and commercial uses. This configuration typically fits tenants looking for a standalone location with dependable street exposure, practical parking, and flexibility to support retail-oriented business models.
Key Highlights
- 11,400 SF single‑tenant freestanding retail building with on‑site parking lot
- Prominent street frontage on Laramie Avenue with visibility
- B1: Neighborhood Shopping District zoning allowing various retail and commercial uses
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 49%
McDonald's
Dining
23,692 visits/mo
0.3 miles
BP
Shops & Services
10,560 visits/mo
0.2 miles
AutoZone
Shops & Services
5,310 visits/mo
0.3 miles
U.S. Bank
Shops & Services
4,946 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,716 visits/mo
0.4 miles
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
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
This space is priced 46% below the average of $27.62 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with prominent Laramie Avenue visibility and on-site parking, offering a strong base for neighborhood-serving uses.
Where is this retail space located?
The property is located at 106 S Laramie Ave Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 11,400 SF single‑tenant freestanding retail building with on‑site parking lot; Prominent street frontage on Laramie Avenue with visibility; B1: Neighborhood Shopping District zoning allowing various retail and commercial uses
