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Retail Space with Outdoor Seating
For Lease
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5201 South Harper Avenue, Chicago, IL 60615

Retail space with outdoor seating and black iron capability.

Space SizeContact for details
Days on Market264

Property Features for 5201 South Harper Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Meredith Oliver
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 12 at 3:51PM

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.

This retail space offers a large outdoor seating opportunity and black iron capability. The property is part of a development featuring over 300,000 square feet of state-of-the-art labs. The development is pursuing U.S. Green Building Council LEED Certification and includes an outdoor amenities deck, an indoor bar and lounge, and an executive boardroom.

Key Highlights

  • 300,000+ SF of state‑of‑the‑art labs
  • Pursuing U.S. Green Building Council LEED Certification
  • Large outdoor seating opportunity

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Auto Parts Store (Bike/Boat/Book/etc) Store Building Supply HVAC 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

Location Intelligence

Trade Area within ½ mile

2,719
Businesses Nearby
204k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 40% Shops & Services 26% Groceries 23% Home Improvements & Furnishings 6%
Trader Joe's Groceries
46,061 visits/mo 0.4 miles
McDonald's Dining
31,625 visits/mo 0.1 miles
BP Shops & Services
21,850 visits/mo 0.0 miles
Potbelly Sandwich Shop Dining
13,436 visits/mo 0.3 miles
Elston Ace Hardware Home Improvements & Furnishings
11,960 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

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size

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?
Retail space - Retail space with outdoor seating and black iron capability.
Where is this retail space located?
The property is located at 5201 South Harper Avenue Chicago, IL.
What are key features of this property?
This property features: 300,000+ SF of state‑of‑the‑art labs; Pursuing U.S. Green Building Council LEED Certification; Large outdoor seating opportunity
More about this property
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