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Corner Retail Plaza Investment
For Sale
Contact for pricing
Pending

415 E 71st St, Chicago, IL 60619

Multi-tenant retail plaza with two buildings and seven total units on a corner lot.

Property Size7,775 SF
Lot Size0.32 Acres
Days on Market115

Property Features for 415 E 71st St

General Information

Standard status Pending
Size 7,775 SF
Lot size 0.32 Acres
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Mark Heidecke · License #IL 475.190786
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Aug 1 at 4:25PM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

The offering consists of 71st Street Plaza, a multi-tenant retail plaza comprised of two buildings totaling 7,775 square feet on 0.32 acres. The property includes seven total units, featuring a single-tenant, freestanding building alongside a multi-tenant building with a complementary mix of local tenants providing products and services for the surrounding community.

The plaza is situated on a corner lot on East 71st Street near the signalized intersection of East 71st Street with South Martin Luther King Drive. It also benefits from direct access to major transportation routes, located between Interstates 90 and 94, and is near CTA “L” and Metra train stations.

This is an investment property built around a retail unit mix across two structures, positioned to serve a dense residential area and retail corridor.

Key Highlights

  • Multi‑tenant retail plaza at 415–423 E 71st St with two buildings and 7,775 SF total
  • Includes seven total units: a single‑tenant freestanding building plus a multi‑tenant building
  • Corner lot on E 71st St near the signalized intersection with S Martin Luther King Dr

Property Analytics

Current Use

Pink Aura Luxe ... Nail Salon

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Acupuncture

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,123
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 89% Groceries 11%
Citgo Shops & Services
11,793 visits/mo 0.1 miles
Family Dollar Shops & Services
9,157 visits/mo 0.5 miles
Mobil Shops & Services
7,885 visits/mo 0.4 miles
King's Liquor Groceries
3,970 visits/mo 0.2 miles
StorageMart Shops & Services
1,932 visits/mo 0.3 miles

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

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?
Shopping center - Multi-tenant retail plaza with two buildings and seven total units on a corner lot.
Where is this shopping center located?
The property is located at 415 E 71st St Chicago, IL.
What are key features of this property?
This property features: Multi‑tenant retail plaza at 415–423 E 71st St with two buildings and 7,775 SF total; Includes seven total units: a single‑tenant freestanding building plus a multi‑tenant building; Corner lot on E 71st St near the signalized intersection with S Martin Luther King Dr
(312) 361-1643 Call to check price and availability
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