Two-Space Retail
118 East 47th Street, Chicago, IL 60615
For Lease
$18 SF/Yr
Open-plan suites provide rear parking access near a signalized intersection with direct access to major transit and roadway connections.
Space Size1,628 SF - 4,335 SF
Property Size10,697 SF
Days on Market89
Property Features for 118 East 47th Street
General Information
Standard status
Size
Net Rentable
Property subtype
Lease Term
Site & Location
Neighborhood
Corner Location
Traffic Count
Highway Access
Additional Details
Available Space
Amenities
Open Floor Plans
Signalized Corner Location
On-site Parking
Easy Access to Dan Ryan Expressway
Close Proximity to CTA Red & Green Lines
Building Details
Building Size
Year Built
Spaces For Lease
at 118 East 47th Street Contact us118 E 47th St $18/SF/Yr
Size
1,628 SF
Type
Street Retail
Term
Negotiable
126 E 47th St $18/SF/Yr
Size
4,335 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
SVN | Chicago - Corporate
Listed By:
Samuel Silveira
(510) 541-2646
Source:
Svn
Added: Aug 15
Changed: Nov 10
Last Checked: Nov 10 at 7:33AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for lease, this retail property comprises two separate open-plan spaces totaling 5,963 SF. The 1,628 SF unit is located at 118 E 47th St., while the 4,335 SF unit is at 126 E 47th St. Each space has access to the building’s rear parking lot, and the units are currently configured independently rather than as one connected premises. The building dates to 1940.
The property sits near the signalized junction of E 47th St. and S Indiana Ave. Regional access is supported by proximity to the Dan Ryan Expressway, while CTA Red and Green Line service is nearby. The surrounding intersection records 12,200 VPD, providing a measurable traffic context for the retail location.
The property sits near the signalized junction of E 47th St. and S Indiana Ave. Regional access is supported by proximity to the Dan Ryan Expressway, while CTA Red and Green Line service is nearby. The surrounding intersection records 12,200 VPD, providing a measurable traffic context for the retail location.
Key Highlights
- 5,963 SF total across two retail spaces
- 1,628 SF space at 118 E 47th St. and 4,335 SF space at 126 E 47th St.
- Open‑plan layouts with rear parking lot access
Property Analytics
Current Use
Lease Details
12,200 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.70 /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 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.04 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,446 SF
Avg Space Size
This space is priced 28% below the average of $25.04 /SF/Yr.
Average Price Trend$/SF/Yr for Retail space in Chicago, IL
Properties on Market for Retail space in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan suites provide rear parking access near a signalized intersection with direct access to major transit and roadway connections.
Where is this retail space located?
The property is located at 118 East 47th 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: 5,963 SF total across two retail spaces; 1,628 SF space at 118 E 47th St. and 4,335 SF space at 126 E 47th St.; Open‑plan layouts with rear parking lot access
