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Ground-Floor Retail at Residential Tower
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1221 W Washington Blvd, Chicago, IL 60607

2,678 SF ground-floor retail space at the base of a planned 287-unit residential tower in Chicago.

Property Size2,678 SF
Days on Market56

Property Features for 1221 W Washington Blvd

General Information

Standard status Active
Size 2,678 SF
Property subtype RETAIL
Listing Agency: CBRE | Chicago
Listed By: Danny Jacobson
Source: Moodyscre
Added: Jun 5 Changed: Jul 27 Last Checked: Jul 30 at 2:39PM

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 listing offers 2,678 SF of ground-floor retail space at the base of a planned 287-unit residential tower. The space is positioned for prominent street presence and offers branding and signage opportunities.

Located at 1221 W Washington Blvd in Chicago, the development is described as having exceptional visibility along Washington Boulevard and excellent access to CTA transit. The project’s mix includes office, dining, hospitality, and residential uses.

The residential tower is scheduled for delivery in Q1 2027, with the tower totaling approximately 285,000 SF.

Key Highlights

  • 2,678 SF ground‑floor retail space at the base of a planned 287‑unit residential tower
  • Planned Q1 2027 delivery for the residential tower totaling approximately 285K SF
  • Prominent Washington Boulevard presence with exceptional visibility

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Veterinary Clinic Restaurant Adult Day Care Carpet & Flooring Store

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

4,069
Businesses Nearby
88k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 69% Shops & Services 30% Electronics 1%
McDonald's Dining
38,968 visits/mo 0.3 miles
BP Shops & Services
22,142 visits/mo 0.5 miles
Lou Malnati's Pizzeria Dining
9,016 visits/mo 0.4 miles
Dunkin' Donuts Dining
8,042 visits/mo 0.1 miles
Gyu-Kaku Japanese BBQ Dining
4,027 visits/mo 0.2 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

$22.12 /SF/Yr
Avg Asking Price
$0.92–$45 /SF/Yr
Price Range
2,359 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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - 2,678 SF ground-floor retail space at the base of a planned 287-unit residential tower in Chicago.
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 space at the base of a planned 287‑unit residential tower; Planned Q1 2027 delivery for the residential tower totaling approximately 285K SF; Prominent Washington Boulevard presence with exceptional visibility
(312) 334-7232 Call to check price and availability
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