River North Retail Space
For Lease
Contact for pricing
401 West Chicago Avenue, Chicago, IL 60654
New mixed-use development with ground floor retail space for lease.
Days on Market250
Property Features for 401 West Chicago Avenue
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE | Chicago
(312) 233-8683
Listed By:
Cliffton Vann
(312) 233-8683
Source:
Cbre
Added: Nov 22, 2025
Changed: Jul 6
Last Checked: Jul 30 at 2:44AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
Located in the heart of River North, this new mixed-use development features approximately 10,595 square feet of ground floor retail space. Multiple demising options are available, and the space is available for immediate delivery. The property is situated in a densely populated residential neighborhood in the northwest portion of River North. It is within walking distance of the CTA Chicago Avenue Brown Line stop, which sees over 2 million annual riders. The location is also steps from 600 W Chicago, a 1.6 million square foot office building anchored by Groupon, Echo Global Logistics, Tempus Labs, Jump Trading, and The Big Ten Network, with over 7,000 employees working there daily. A new flagship Bally's Casino is coming soon within a 5-minute walk. The neighboring restaurant, Obelix, was voted Best New Restaurant of 2022 by Chicago Business.
Key Highlights
- High‑density residential neighborhood location in River North.
- ±10,595 SF of ground floor retail space with multiple demising options.**
- Immediate delivery.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
26,262
Businesses Nearby
682k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Apparel 22%
Hotels & Casinos 13%
Shops & Services 6%
Nordstrom
Apparel
136,729 visits/mo
0.4 miles
Starbucks
Dining
132,317 visits/mo
0.3 miles
McDonald's
Dining
65,567 visits/mo
0.2 miles
McDonald's
Dining
52,443 visits/mo
0.2 miles
Fogo de Chao
Dining
28,749 visits/mo
0.2 miles
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size
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 - New mixed-use development with ground floor retail space for lease.
Where is this retail space located?
The property is located at 401 West Chicago Avenue Chicago, IL.
What are key features of this property?
This property features: High‑density residential neighborhood location in River North.; ±10,595 SF of ground floor retail space with multiple demising options.**; Immediate delivery.
