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Retail Space Near Pete's Market
For Lease
$25 SF/Yr

2329 W Madison Street, Chicago, IL 60612

New construction retail space anchored by Pete's Fresh Market.

Space SizeContact for details
Days on Market1388

Property Features for 2329 W Madison Street

General Information

Standard status Active
Property subtype COMMERCIAL
Listing Agency: Axis Realty, Inc.
Listed By: Nicole Geroulis · License #471018069
Source: Dawnmckennagroup
Added: Nov 18, 2022 Changed: Aug 28 Last Checked: Sep 5 at 6:43AM

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 Axis Realty, Inc.

Investment Insights

Based on property information with market context.

This new construction retail space is anchored by Pete's Fresh Market and includes co-tenants such as Domino's, Metro PCS, Subway, and Chase Bank, along with a nail salon and other restaurants. Ample parking is available. The property is located on the southeast corner of Western and Madison, benefiting from high traffic. It offers convenient access to public transportation and the highway. The intended use of the property is for retail purposes.

Key Highlights

  • New Construction anchored by Pete's Fresh Market
  • High‑traffic location at the southeast corner of Western and Madison
  • Ample parking available

Property Analytics

Current Use

Studio 27 Beauty ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Accounting Firm Computer & Electronic Repair Veterinary Clinic Tech Support Center Pet Grooming Service

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,558
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 68% Shops & Services 31% Electronics 1%
McDonald's Dining
30,511 visits/mo 0.1 miles
Wendy's Dining
25,573 visits/mo 0.2 miles
BP Shops & Services
9,852 visits/mo 0.2 miles
Shell Shops & Services
9,079 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
8,923 visits/mo 0.2 miles

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Shopping center - New construction retail space anchored by Pete's Fresh Market.
Where is this shopping center located?
The property is located at 2329 W Madison Street Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: New Construction anchored by Pete's Fresh Market; High‑traffic location at the southeast corner of Western and Madison; Ample parking available
More about this property
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