Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    53-57 E Randolph St Chicago, IL 60601

    For Lease
    $23 SF/Yr ($705 /Mo)

    Retail space with high pedestrian traffic and excellent accessibility.

    Property size:
    368 SF
    Lot size:
    1.09 Acres

    Property Features for 53-57 E Randolph St

    General Information

    Size
    368 SF
    Lot size
    1.09 Acres

    Source: Mid-America Real Estate Group Agent Jaime Bertsche

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Millennium Park

    This retail space benefits from a high-traffic location, with an average of 7,000 to 8,000 pedestrians passing through the heritage shops at Millennium Park Pedway daily. It offers direct Pedway access to the Daley Center, Block 37, the Chicago Cultural Center, Millennium Station, and Millennium Park. The retail space is situated below 357 luxury residential units. The corner of Randolph and Wabash sees approximately 23,000 pedestrians and 18,400 vehicles per day. Located one block from the Washington/Wabash 'L' station, which serves approximately 11,500 daily riders and 3.5 million annual riders. It is across from Macy’s department store and Ross, and one block from State Street retailers, including Target, Nordstrom Rack, Uniqlo, DSW, and Urban Outfitters. The property is in close proximity to Goddess and the Baker, Halal Guys, Nando’s, Jiao, Capriotti’s, Elephant & Castle, Sweetgreen, and Naf Naf. The property has a size of 368 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625841
    Latitude
    41.88444

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • New
      $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high pedestrian traffic and excellent accessibility.
    Where is this retail space located?
    The property is located at 53-57 E Randolph St Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Direct pedway access to Daley Center, Block 37, Chicago Cultural Center, Millennium Station, and Millennium Park.; - High pedestrian traffic: 7,000-8,000 daily through Millennium Park Pedway heritage shops.; - Located at the corner of Randolph and Wabash with approximately 23,000 pedestrians and 18,400 vehicles passing daily.
    (630) 954-7300
    Request Owner's contact information
    53-57 E Randolph St Chicago, IL 60601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    53-57 E Randolph St
    Chicago, IL 60601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53-57 E Randolph St Chicago, IL 60601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.