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    29 W Division St Chicago, IL 60610

    For Lease
    $130 SF/Yr

    Prime retail space in the heart of the Gold Coast.

    Property Features for 29 W Division St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1960

    Source: @PROPERTIES COMMERCIAL Agent IAN FEINERMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Division Street Retail Corner Space

    Located in the heart of the Gold Coast on the southeast corner of Division and Dearborn, this retail space presents an amazing opportunity. The raw space, ready for customization, features over 80 feet of frontage along Division and 50 feet along Dearborn. The space can be divided. The property includes 12-13ft+ ceilings throughout, potential for outdoor seating on both sides, a new roof and mechanicals (2x 20-ton HVAC units) from last year, and 400 3 phase electric service. The high-density neighborhood benefits from significant foot and vehicular traffic. The location offers close proximity to L stops, bus lines in all directions, Divvy stations, and easy access to Lake Shore Drive and the Kennedy Expressway. The neighborhood is a popular area for tourism, shopping, and dining, with a wide array of hotels, restaurants, and shops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6275159
    Latitude
    41.9037573

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in the heart of the Gold Coast.
    Where is this retail space located?
    The property is located at 29 W Division St Chicago, IL.
    What is the lease rate?
    The lease rate is $130 SF/Yr.
    What are key features of this property?
    This property features: - Prime hard corner location at Division and Dearborn in the Gold Coast.; - High foot and vehicular traffic in a high-density neighborhood.; - Potential for outdoor seating on both Division and Dearborn sides.
    (312) 506-0200
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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
    29 W Division St Chicago, IL 60610
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