High-Traffic Retail Space in
For Lease
$29 SF/Yr
62 E 47th Street, Chicago, IL 60653
Retail space in historic building, available Q3 2024.
Space SizeContact for details
Days on Market843
Property Features for 62 E 47th Street
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1929
Listing Agency:
FINDERS PLUS REAL ESTATE
(312) 554-8840
Listed By:
LAUREN LOWERY · License #471004471
Source:
Corcoran
Added: Apr 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:42AM
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 FINDERS PLUS REAL ESTATE
Investment Insights
Based on property information with market context.
Located in the thriving Bronzeville neighborhood, this high-traffic retail space is situated within a historic, landmarked building. The available space, comprising 2950 square feet, is slated for availability in Q3 2024 and will be built to specifications. The location offers convenient access to the 90/94 Expressway, CTA Red Line, and Green Lines, as well as bus public transportation on 47th Street and State Street. The property includes private parking and serviced common areas, such as conference rooms, a kitchenette, and bathrooms. Current co-tenants include Geode Health, YWCA, Shawn Michelles Ice Cream, and Sip and Savor Coffee Shop. The Rosenwald Office Center presents opportunities for service or creative businesses. This recently restored and renovated apartment community, which adjoins the retail space, has over 200 units accommodating over 500 residents. The property benefits from visibility on a signalized intersection and is located in an area with a high household income and population density. A landscaped garden adjoins the space, suitable for programming and staff common space.
Key Highlights
- High‑traffic retail space in a historic, landmarked building in thriving Bronzeville.
- Prime location near 90/94 Expressway, CTA Red and Green Lines, and bus transportation.
- 2950 SF available Q3 2024, built to your specifications.**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Electronics 10%
BP
Shops & Services
12,427 visits/mo
0.0 miles
Citgo
Shops & Services
7,883 visits/mo
0.5 miles
Boost Mobile
Electronics
2,303 visits/mo
0.3 miles
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
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 13% above the average of $25.68 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in historic building, available Q3 2024.
Where is this retail space located?
The property is located at 62 E 47th Street Chicago, IL.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: High‑traffic retail space in a historic, landmarked building in thriving Bronzeville.; Prime location near 90/94 Expressway, CTA Red and Green Lines, and bus transportation.; 2950 SF available Q3 2024, built to your specifications.**
