1160-1166 N State St & 1 W Division Street, Chicago, IL 60610

Building Details

Tenancy Multi More

Listing Agency: JLL Chicago | Americas Headquarters

Listed By: Alex Sharrin · License #IL 475.170243 Show Phone

Source: Crexi

Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 4:37PM

Report an Issue

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 JLL Chicago | Americas Headquarters

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The storefront property at 1160-1166 N State St and 1 W Division Street is occupied by Chipotle, Brown Bag Seafood, and Chicago Teahouse. Chicago Teahouse extended its lease through November 2030, while Chipotle extended through October 2035. Their respective shares of property income are approximately 26%, 33%, and 41%. The property is zoned DX-7, a Downtown Mixed-Use District designation.

The Chicago address places the storefronts near Rush Street and Oak Street, with the Red Line 0.1 miles away. The source reports 18 million annual visits to the Gold Coast and a daytime population of 142,000 within one mile. Nearby development cited includes 7 W. Elm, with 304 residential units, and Newberry on the Triangle, a 75,000-square-foot retail redevelopment at the base of Newberry Plaza, which has 624 units.

Key Highlights

• Three food‑and‑beverage tenants: Chipotle, Brown Bag Seafood, and Chicago Teahouse
• Chipotle lease extension runs through October 2035; Chicago Teahouse lease extension runs through November 2030
• Income shares: approximately 41% Chipotle, 33% Brown Bag Seafood, and 26% Chicago Teahouse

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Fish Market 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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

4,402

Businesses Nearby

190k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 35% Groceries 34% Home Improvements & Furnishings 16% Shops & Services 13%

Jewel-Osco Groceries

65,395 visits/mo 0.5 miles

Lowe's Home Improvements & Furnishings

31,134 visits/mo 0.4 miles

Wendy's Dining

29,664 visits/mo 0.3 miles

BP Shops & Services

13,250 visits/mo 0.1 miles

Popeyes Louisiana Kitchen Dining

11,777 visits/mo 0.3 miles

Demographics for 60610, IL

43,794

Population

30,091

Households

1.5

Avg Household Size

34

Median Age

79%

College-Educated

97%

High-School Grad

1.1 sq mi

ZIP Area

39,813

Density / Sq Mi

$105,649

Median Household Income

$82,934

Median Earnings

$2,029

Median Rent

$543,000

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 For Sale Nearby

See more

Mixed-Use Building with Storefronts

3034 W Montrose Ave, Chicago, IL 60618

$1,399,000

6,500 SF

View details

Mixed-Use Commercial Condo

4138 N Sheridan Road, Chicago, IL 60613

$849,000

4,320 SF

View details

Mixed-Use Storefront Property

2744 W Division Street, Chicago, IL 60622

$750,000

4,320 SF

View details

Turnkey Restaurant with Outdoor Seating

416 W Ontario Street C-1, Chicago, IL 60654

$848,888

4,300 SF

View details

Flexible Flex Space with Loading Dock

7650 S Ashland Ave, Chicago, IL 60620

$872,000

6,624 SF

View details

Three-Storefront Mixed-Use Property

5801 N Lincoln Avenue, Chicago, IL 60659

$859,000

6,700 SF

View details

Mattress Warehouse NNN Property

6353 W Fullerton Ave, Chicago, IL 60639

$1,728,000

3,700 SF

View details

Two-Story Mixed-Use Building

3000 W Diversey Ave, Chicago, IL 60647

$750,000

5,400 SF

View details

Automotive Building With Mezzanine

6243 N Clark Street, Chicago, IL 60660

$1,100,000

8,000 SF

View details

Five-Unit Retail Center

1741 W 79th St, Chicago, IL 60620

$599,000

7,520 SF

View details

Corner Storefront Property with Flexible Layout

50 E 16th Street C-1a, Chicago, IL 60616

$1,890,000

7,000 SF

View details

Corner Development Site with Restaurant

7455 W Irving Park Rd, Chicago, IL 60634

$949,000

4,055 SF

View details

Similar Off Market Nearby

• Latino Flowers — 1950 W Chicago Ave, Chicago, IL 60622
• Barbara's Floral & Gift Shop — 753 N Ashland Ave, Chicago, IL 60622
• H.M. Floral Studio — 921 N Damen Ave APT 1, Chicago, IL 60622
• Studio Poppy Floral Design — 955 N Ashland Ave, Chicago, IL 60622
• Mudd Fleur — 1030 N Milwaukee Ave, Chicago, IL 60642

Frequently Asked Questions

What type of property is this?

Storefront property - Three food-and-beverage tenants occupy the property, with recent lease extensions from Chicago Teahouse and Chipotle.

Where is this storefront property located?

The property is located at 1160-1166 N State St & 1 W Division Street Chicago, IL.

What are key features of this property?

This property features: Three food‑and‑beverage tenants: Chipotle, Brown Bag Seafood, and Chicago Teahouse; Chipotle lease extension runs through October 2035; Chicago Teahouse lease extension runs through November 2030; Income shares: approximately 41% Chipotle, 33% Brown Bag Seafood, and 26% Chicago Teahouse