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Retail Storefront at Lighted Intersection
For Lease
$27 SF/Yr

1103 N Western Avenue, Chicago, IL 60622

Retail space in Wicker Park/Ukrainian Village, divisible and fully rehabbed.

Space SizeContact for details
Days on Market577

Property Features for 1103 N Western Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $17,000

Building Details

Year Built 1979
Listing Agency: CONTINUUM REAL ESTATE BROKERS
Listed By: YELENA BERNSHTAM
Source: Corcoran
Added: Jan 13, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 CONTINUUM REAL ESTATE BROKERS

Investment Insights

Based on property information with market context.

This retail storefront is located in the Wicker Park/Ukrainian Village area at a busy corner with a lighted intersection. The space, suitable for various uses, is currently operating as a Smoke Shop. It offers approximately 800 to 1600 square feet of divisible space with 14-foot ceilings. The property has been fully rehabbed with new HVAC, flooring, drywall, and a new glass facade. It features a separate HVAC system and bathroom. Alternatively, there is a fully built-out real estate office space of approximately 800 square feet, featuring two modern offices and a conference room, also with a separate HVAC system and bathroom.

Key Highlights

  • Prime location on a busy corner with a lighted intersection in Wicker Park/Ukrainian Village.
  • Divisible retail space, offering flexibility in size (approximately 800 to 1600 sq ft).
  • Fully rehabbed with new HVAC, flooring, drywall, and glass facade.

Property Analytics

Current Use

Continuum Brokers Real Estate Agency Blade Tax Services Tax Preparation

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Carpet & Flooring Store 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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,700
Businesses Nearby
145k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 50% Groceries 30% Shops & Services 20%
Mariano's Groceries
43,456 visits/mo 0.5 miles
McDonald's Dining
38,181 visits/mo 0.5 miles
Burger King Dining
17,373 visits/mo 0.3 miles
Dunkin' Donuts Dining
7,148 visits/mo 0.3 miles
Shell Shops & Services
6,179 visits/mo 0.3 miles

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size

This space is priced 5% above the average of $25.68 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in Wicker Park/Ukrainian Village, divisible and fully rehabbed.
Where is this retail space located?
The property is located at 1103 N Western Avenue Chicago, IL.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Prime location on a busy corner with a lighted intersection in Wicker Park/Ukrainian Village.; Divisible retail space, offering flexibility in size (approximately 800 to 1600 sq ft).; Fully rehabbed with new HVAC, flooring, drywall, and glass facade.
More about this property
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