Cermak Road Retail/Office
For Lease
$15 SF/Yr
3150 W Cermak Rd, Chicago, IL 60623
Street-level retail/office space with build-out potential in Chicago.
Space SizeContact for details
Property Size2,000 SF
Days on Market641
Property Features for 3150 W Cermak Rd
General Information
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Annual Taxes
$11,585
Listing Agency:
First Western Properties
(773) 355-4780
Listed By:
Paul Tsakiris · License #471005153
(773) 355-4780
Source:
Exprealty
Added: Nov 7, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:04AM
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 First Western Properties
Investment Insights
Based on property information with market context.
This property offers 2,000 square feet of street-level retail or office space, complemented by an additional 1,434 square feet in the basement that can be built out. Situated at the intersection of Cermak Road and Kedzie Avenue, the location benefits from high traffic. The space previously housed a convenience store for 20 years. It is suitable for a convenience store, fast food establishment, or various retail ventures. The property is also suited for medical, office, or insurance purposes. The owner is willing to do a buildout for the right tenant.
Key Highlights
- High‑traffic location at the Cermak and Kedzie intersection.
- 2,000 sf of street‑level retail/office space.
- Additional 1,434 sf basement space available for buildout.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.43 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
7,935 SF
Avg Space Size
This space is priced 41% below the average of $25.43 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail/office space with build-out potential in Chicago.
Where is this retail space located?
The property is located at 3150 W Cermak Rd Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: High‑traffic location at the Cermak and Kedzie intersection.; 2,000 sf of street‑level retail/office space.; Additional 1,434 sf basement space available for buildout.
