Little Italy Corner Retail
For Lease
$40 SF/Yr
1221 West Taylor Street, Chicago, IL 60607
Divisible retail space in new construction near Illinois Medical District.
Space Size2,000 SF
Property Size100,000 SF
Days on Market199
Property Features for 1221 West Taylor Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Lease Term
N
Building Details
Building Size
100,000 SF
Spaces For Lease
at 1221 West Taylor Street Contact us- Size
- 2,000 SF
- Type
- Street Retail
- Term
- Negotiable
Suite 300 $40/SF/Yr
Listing Agency:
SVN | Chicago Commercial
(847) 219-6383
Listed By:
Adam Thomas · License #062060446
Source:
Svnchicago
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 14 at 4:36AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
Located in Little Italy, this corner retail space offers approximately 5,000 square feet, divisible for flexible layouts. The space features ceiling heights exceeding 15 feet and prominent frontage on Taylor Street, providing excellent exposure. It is situated within a newly constructed 67-unit apartment building developed by Related Midwest, as part of the Roosevelt Square development, which will deliver over 2,000 units and approximately 45,000 square feet of retail space to the area. The property is positioned between the Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus. IMD sees an estimated 80,000 people daily, including 30,000 employees and 50,000 patients, students, and visitors. UIC has approximately 33,000 students and over 6,000 employees. The space offers an excellent co-tenancy opportunity with Fresh Stop Produce & Deli, which occupies an adjacent 5,000 square foot space. Public transportation is readily accessible via the CTA's Blue and Pink 'L' lines, and the property is located along the CTA's 157 bus route. Little Italy provides a blend of old-world heritage and modern vibrancy, known for its trattorias, gelaterias, and cultural festivals.
Key Highlights
- High‑traffic location between Illinois Medical District (IMD) and University of Illinois at Chicago (UIC), with a combined daily population of over 119,000 people.
- Located in a new construction 67‑unit apartment building developed by Related Midwest.
- Rarely available corner retail space in Little Italy with excellent exposure on Taylor Street.**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,849
Businesses Nearby
423k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 22%
Home Improvements & Furnishings 16%
Groceries 7%
Portillo's
Dining
78,782 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
64,191 visits/mo
0.5 miles
Chick-fil-A
Dining
43,112 visits/mo
0.4 miles
Binny's Beverage Depot
Groceries
30,420 visits/mo
0.4 miles
Noodles & Company
Dining
25,961 visits/mo
0.5 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
$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size
This space is priced 56% above the average of $25.68 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Divisible retail space in new construction near Illinois Medical District.
Where is this retail space located?
The property is located at 1221 West Taylor Street Chicago, IL.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: High‑traffic location between Illinois Medical District (IMD) and University of Illinois at Chicago (UIC), with a combined daily population of over 119,000 people.; Located in a new construction 67‑unit apartment building developed by Related Midwest.; Rarely available corner retail space in Little Italy with excellent exposure on Taylor Street.**
