1909 W Grand Ave, Chicago, IL

Listing agent Zach Pruitt Show Phone

Listing office Cawley Chicago Show Phone

Listing date Mar 13, 2025

Source Moodyscre

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Overview

This retail property features an investment-grade anchor tenant with four years remaining on the current lease term. It offers complimentary income from a signage lease and current in-place income from a short-term lease for one of three residential units. There is an immediate opportunity to reposition the second floor for commercial use. Vacancies in the Kinzie Corridor are at 5.80% and in the Grand Ave Corridor at 5.20%, down from 10.09% and 7.30% respectively in five years. The five-year inventory is nearly unchanged, with minimal new development proposed. Asking rates are up an average of $6.00 per RSF in the Grand Ave Corridor and $12.00 per RSF in the Kinzie Corridor. The property offers the ability to increase efficiencies of the floor plan and total rentable building area. There is potential for additional advertising income on the west-facing wall, with more than 28,263 views via VPD and daily bus commuters. The property is located at 1909 W Grand Ave, Chicago, IL and has a property size of 16,050 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm 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

-87.6749

Latitude

41.8907

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FAQs

What type of property is this?

Retail space - Retail property with investment tenant and repositioning opportunity in Chicago.

Where is this retail space located?

The property is located at 1909 W Grand Ave Chicago, IL.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Investment grade anchor tenant with four years remaining on current lease.; Immediate opportunity to reposition second floor to commercial use.; Potential for additional advertising income on west‑facing wall (28,263+ views via VPD and Daily Bus Commuters).