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Retail Space with Significant Avenue Frontage
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1122 W Chicago Ave, Chicago, IL 60642

Retail space available in a highly visible seven-story building with substantial frontage and easy access to CTA Blue Line.

Property Size1,000 SF - 6,029 SF
Days on Market661

Property Features for 1122 W Chicago Ave

General Information

Standard status Active
Size 1,000 SF - 6,029 SF
Net Rentable 1,000 SF
Property subtype RETAIL

Additional Details

Available Space 1,000-6,029 SF

Amenities

frontage on Milwaukee & Chicago Avenues
CTA Chicago Blue Line subway stop
Hipster Highway bike corridor

Building Details

Stories 7
Listing Agency: Lipe Property Company
Listed By: Steve Lipe
Source: Moodyscre
Added: Oct 9, 2024 Changed: Jul 30 Last Checked: Jul 30 at 12:08PM

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 Lipe Property Company

Investment Insights

Based on property information with market context.

Retail space is available within a seven-story building that includes 97 residential units. Space ranges from 1,000 to 6,029 SF, supporting a variety of street-level retail concepts.

The property offers substantial frontage on Milwaukee and Chicago Avenues and is positioned on a busy Chicago bike corridor described as “Hipster Highway.” Traffic counts are reported at 43,400 vehicles per day, and transit access is strong with the CTA Chicago Blue Line subway stop nearby.

The CTA Blue Line location is reported at 1,268,000 annual entries/exits, helping create consistent foot traffic for retail uses that benefit from frequent passersby.

Key Highlights

  • Retail space available from 1,000 to 6,029 SF
  • Seven‑story building with 97 residential units
  • Substantial frontage on Milwaukee and Chicago Avenues

Property Analytics

Current Use

Nevele22 Apartment Building

Suggested Use

Top Pick Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Clothing & Fashion Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,527
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in a highly visible seven-story building with substantial frontage and easy access to CTA Blue Line.
Where is this retail space located?
The property is located at 1122 W Chicago Ave Chicago, IL.
What are key features of this property?
This property features: Retail space available from 1,000 to 6,029 SF; Seven‑story building with 97 residential units; Substantial frontage on Milwaukee and Chicago Avenues
(312) 925-2960 Call to check price and availability
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