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    1221 W Taylor St Chicago, IL 60607

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    For Lease
    $40 SF/Yr

    Corner retail space in Little Italy with high ceilings.

    Property Features for 1221 W Taylor St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2024

    Source: SPERRY VAN NESS Agent SCOTT MAESEL

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

    Overview

    Little Italy Corner Retail Space

    This rarely available corner retail space is located in Little Italy. The space offers approximately 5,000 square feet, which is divisible, and features ceiling heights of over 15 feet. It provides exposure with frontage on Taylor Street. The space is situated within a new construction 67-unit apartment building developed by Related Midwest. The property is located between the Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus. The IMD is estimated to host around 80,000 people daily, including 30,000 employees and 50,000 patients, students, and visitors. UIC has approximately 33,000 students, both graduate and undergraduate, and over 6,000 employees.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -87.658639
    Latitude
    41.869329

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    FAQs

    What type of property is this?
    Retail space - Corner retail space in Little Italy with high ceilings.
    Where is this retail space located?
    The property is located at 1221 W Taylor St Chicago, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Rare corner retail space in Little Italy.; - High visibility with prominent frontage on Taylor Street.; - Located in a new 67-unit apartment building developed by Related Midwest.
    (312) 676-1866
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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
    1221 W Taylor St Chicago, IL 60607
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