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Pilsen Commercial Space For Rent
For Lease
$18 SF/Yr

1640 West 18th Street, Chicago, IL 60608

Prime retail/office space near CTA Pink Line station.

Space Size1,892 SF
Days on Market271

Property Features for 1640 West 18th Street

General Information

Standard status Active
Size 1,892 SF
Property subtype Retail
Lease Term MG

Building Details

Building Size 1,892 SF

Spaces For Lease

at 1640 West 18th Street Contact us

1640 West 18th Street $18/SF/Yr

Size
1,892 SF
Type
Retail / Office
Term
Negotiable
Contact us
Listing Agency: SVN | Chicago - Corporate
Listed By: Vaneesa Peeters
Source: Svnchicago
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 19 at 5:38AM

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 SVN | Chicago - Corporate

Investment Insights

Based on property information with market context.

This commercial space is located on 18th Street in Chicago's Pilsen neighborhood, which has been recognized for its vibrant atmosphere and public art scene. The property offers an open floor plan with natural light. The space will be delivered in vanilla box condition, featuring finished floors and one ADA-compliant restroom. A large basement area is available for storage. The location is near the CTA Pink Line 18th Street station and benefits from co-tenancy with national, regional, and local retailers and restaurants, including Athletico, Dunkin', Bank of America, Fifth Third Bank, and Family Dollar. Additional space upgrades and improvements are negotiable. The property is suitable for a cafe, retail, office, or medical use.

Key Highlights

  • Prime commercial space in Pilsen, a highly desirable and internationally recognized neighborhood.
  • Steps from the CTA Pink Line 18th Street station, providing excellent accessibility.
  • Vanilla box condition with finished floors and ADA restroom, ready for immediate build‑out.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Veterinary Clinic Electrical Service Pet Grooming Service Adult Day Care

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,050
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

This space is priced 30% below the average of $25.9 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail/office space near CTA Pink Line station.
Where is this retail space located?
The property is located at 1640 West 18th Street Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime commercial space in Pilsen, a highly desirable and internationally recognized neighborhood.; Steps from the CTA Pink Line 18th Street station, providing excellent accessibility.; Vanilla box condition with finished floors and ADA restroom, ready for immediate build‑out.
More about this property
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