Ground-Floor Retail at Residential
For Lease
Contact for pricing
1221 W Washington Blvd, Chicago, IL 60607
Ground-floor retail space at the base of a planned 287-unit residential tower near CTA transit.
Space Size2,678 SF
Days on Market78
Property Features for 1221 W Washington Blvd
General Information
Standard status
Active
Size
2,678 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
287
Spaces For Lease
at 1221 W Washington Blvd Contact us- Floor
- 1
- Size
- 2,678 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Completion
- Sublease
- No
1227 W Washington Blvd
- ±2,678 SF of Prime Ground‑Floor Retail at the base of a 287-unit Residential...
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Listing Agency:
CBRE | Chicago
(312) 334-7232
Listed By:
Danny Jacobson
(312) 935-1901
Source:
Moodyscre
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 20 at 8:41AM
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 offering presents approximately 2,678 square feet of ground-floor retail at the base of a planned 287-unit residential tower. The space is positioned for a street-facing storefront presentation, supported by the branding and signage potential associated with a prominent boulevard setting.
Located at 1227 W Washington Blvd in Chicago, the property benefits from access to CTA transit. The site is described as embedded within a mixed-use environment that includes office, dining, hospitality, and residential uses, supporting daily foot traffic from a broad tenant and visitor base.
For retail operators and brands seeking a fresh, street-level presence tied to new on-site housing, this space aligns with storefront use in a developing high-density context. The residential tower is scheduled for delivery in Q1 2027, creating a defined timeline for coordinated opening and buildout planning with the overall project schedule.
Located at 1227 W Washington Blvd in Chicago, the property benefits from access to CTA transit. The site is described as embedded within a mixed-use environment that includes office, dining, hospitality, and residential uses, supporting daily foot traffic from a broad tenant and visitor base.
For retail operators and brands seeking a fresh, street-level presence tied to new on-site housing, this space aligns with storefront use in a developing high-density context. The residential tower is scheduled for delivery in Q1 2027, creating a defined timeline for coordinated opening and buildout planning with the overall project schedule.
Key Highlights
- ±2,678 SF ground‑floor retail at the base of a planned 287‑unit residential tower
- Prominent Washington Boulevard presence with visibility
- Embedded within a mix of office, dining, hospitality, and residential
Property Analytics
Property Profile
Current Use
Lease Details
287
Residential units
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,921
Businesses Nearby
232k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Dining 39%
Shops & Services 6%
Hotels & Casinos 3%
Target
Superstores
112,849 visits/mo
0.5 miles
McDonald's
Dining
38,968 visits/mo
0.2 miles
Shake Shack
Dining
14,493 visits/mo
0.4 miles
Shell
Shops & Services
10,442 visits/mo
0.5 miles
Lou Malnati's Pizzeria
Dining
9,016 visits/mo
0.1 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$26.85 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,535 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail space at the base of a planned 287-unit residential tower near CTA transit.
Where is this storefront property located?
The property is located at 1221 W Washington Blvd Chicago, IL.
What are key features of this property?
This property features: ±2,678 SF ground‑floor retail at the base of a planned 287‑unit residential tower; Prominent Washington Boulevard presence with visibility; Embedded within a mix of office, dining, hospitality, and residential
