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    21-27 E Chestnut St Chicago, IL 60610

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    For Lease
    Contact for pricing

    Prime retail location near Magnificent Mile and luxury apartments.

    Property size:
    385 SF
    Lot size:
    0.14 Acres

    Property Features for 21-27 E Chestnut St

    General Information

    Size
    385 SF
    Lot size
    0.14 Acres

    Source: Canvas Real Estate Agent Anthony Campagni

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

    Overview

    Retail Space in Gold Coast

    This retail space offers 2,746 square feet on the ground level, complemented by 385 square feet on the lower level. Situated in an irreplaceable Gold Coast location, the property is at the base of a newly converted building featuring 168 luxury apartment rentals. The location provides immediate access to CTA bus lines and the Red Line Chicago 'L' train connection, which is a 3-minute walk away. Additionally, the Brown/Purple Line Chicago 'L' stop is located six blocks from the property. The property is less than two blocks west of Chicago’s famed 'Magnificent Mile' near Water Tower Place and 900 North Michigan Shops, and two blocks south of the elite boutique shopping on Oak Street. Nearby retailers and restaurants include Rag & Bone, Tesla, Peter Millar, and Jeni’s Splendid Ice Creams.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6271925
    Latitude
    41.8981101

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    FAQs

    What type of property is this?
    Retail space - Prime retail location near Magnificent Mile and luxury apartments.
    Where is this retail space located?
    The property is located at 21-27 E Chestnut St Chicago, IL.
    What are key features of this property?
    This property features: - Irreplaceable Gold Coast location near high-end retail and restaurants.; - Ground level space of 2,746 sf.; - Located at the base of 168 newly converted luxury apartment rentals.
    (773) 887-8212
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    21-27 E Chestnut St Chicago, IL 60610
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    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
    21-27 E Chestnut St Chicago, IL 60610
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