Prime Retail Space on
For Lease
$30 SF/Yr
1406 W Taylor Street, Chicago, IL 60607
Excellent retail location in Little Italy near UIC and Medical District.
Space SizeContact for details
Days on Market840
Property Features for 1406 W Taylor Street
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$48,391
Amenities
Central air
Central Individual Cooling
Building Details
Year Built
1907
Listing Agency:
MILLENNIUM PROPERTIES RE, INC.
(312) 338-3000
Listed By:
DANIEL HYMAN · License #471.013658X
Source:
Corcoran
Added: Apr 23, 2024
Changed: Aug 9
Last Checked: Aug 9 at 7:53PM
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 MILLENNIUM PROPERTIES RE, INC.
Investment Insights
Based on property information with market context.
This retail space is available for lease in the Little Italy, UIC, and Illinois Medical District neighborhood. The storefront features a window line directly on Taylor Street with southern exposure. Taylor Street serves as the central corridor for Little Italy, hosting local and national businesses, along with restaurants. A new mixed-use development, including a new Chicago Public Library, is located less than a block away. The neighborhood has a high concentration of professionals, graduate, and undergraduate students. The Little Italy/University Village neighborhood is located approximately three miles west of downtown Chicago.
Key Highlights
- Prime retail location on Taylor St. in Little Italy, a central corridor for local and national businesses and restaurants.
- Excellent window line with southern exposure on a high‑traffic street.
- Located in a bustling neighborhood with a high concentration of professionals and students.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,849
Businesses Nearby
423k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 22%
Home Improvements & Furnishings 16%
Groceries 7%
Portillo's
Dining
78,782 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
64,191 visits/mo
0.5 miles
Chick-fil-A
Dining
43,112 visits/mo
0.4 miles
Binny's Beverage Depot
Groceries
30,420 visits/mo
0.4 miles
Noodles & Company
Dining
25,961 visits/mo
0.5 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.43 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
7,935 SF
Avg Space Size
This space is priced 18% above the average of $25.43 /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 - Excellent retail location in Little Italy near UIC and Medical District.
Where is this retail space located?
The property is located at 1406 W Taylor Street Chicago, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Prime retail location on Taylor St. in Little Italy, a central corridor for local and national businesses and restaurants.; Excellent window line with southern exposure on a high‑traffic street.; Located in a bustling neighborhood with a high concentration of professionals and students.
