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    1371 W Randolph St Chicago, IL 60607

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    For Lease
    $35 SF/Yr

    Premier retail property for lease in Chicago's West Loop.

    Property Features for 1371 W Randolph St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2022

    Source: SPERRY VAN NESS Agent PRIYA PATEL

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

    Overview

    West Loop Street Retail Space

    Located at 1371 W Randolph in Chicago's West Loop neighborhood, this street retail property is available for lease. The modern space features customizable floor plans and versatile layouts suitable for a range of businesses. The property's design is sleek and modern, with abundant natural light, creating an inviting environment. Its prime location offers excellent visibility and accessibility.
    Location Intelligence

    Current Use by Public Records

    Union Parking LLC Parking Garage

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.662762
    Latitude
    41.883805

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    FAQs

    What type of property is this?
    Retail space - Premier retail property for lease in Chicago's West Loop.
    Where is this retail space located?
    The property is located at 1371 W Randolph St Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime West Loop location in Chicago, a thriving business district.; - Excellent visibility and accessibility.; - Sleek, modern design.
    (312) 676-1866
    Request Owner's contact information
    1371 W Randolph St Chicago, IL 60607
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    Chicago, IL 60607
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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
    1371 W Randolph St Chicago, IL 60607
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