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Ground-Floor Boutique Retail Space
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4848 N Sheridan Rd, Chicago, IL 60640

Ground-floor retail boutique space within a 70-unit condominium building in Uptown.

Property Size5,257 SF
Days on Market484

Property Features for 4848 N Sheridan Rd

General Information

Standard status Active
Size 5,257 SF
Property subtype RETAIL

Additional Details

Multifamily Units 70
Listing Agency: CBRE | Chicago
Listed By: Danny Jacobson
Source: Moodyscre
Added: Apr 3, 2025 Changed: Jul 27 Last Checked: Jul 30 at 1:06PM

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 is a 5,257 SF boutique retail space located on the ground floor of the Sheridan Grand Condominium building, which has 70 units. The space offers a direct street-level presence within the condominium’s commercial setup.

The property is in Chicago’s Uptown neighborhood. It is described as a short walk to the Argyle CTA Red Line Station, and the surrounding area is characterized as family-friendly, with pedestrian and vehicular traffic.

Ideal for tenants seeking a ground-floor storefront configuration in a built-in residential setting, this location supports walk-in visibility from the neighborhood and convenient transit access.

Key Highlights

  • 5,257 SF ground‑floor retail boutique space in the Sheridan Grand Condominium building (70 units)
  • Located in Chicago’s Uptown neighborhood
  • About a 10‑minute walk to the Argyle CTA Red Line Station (reported +1M annual riders)

Property Analytics

Current Use

Karen Ayers - State ... Insurance Agency Wangle Creative, Inc Marketing & Advertising Kids Future Day ... Daycare Center New City Remodeling Hardware & Home Improvement ATM Machine at P ... Atm

Suggested Use

Top Pick Auto Parts Store Catering Service (Bike/Boat/Book/etc) Store Home Appliance Store Locksmith Nursing Home

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

70
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,539
Businesses Nearby
255k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 34% Dining 34% Groceries 28% Home Improvements & Furnishings 4%
Mariano's Groceries
38,415 visits/mo 0.5 miles
Aldi Groceries
32,487 visits/mo 0.5 miles
McDonald's Dining
30,355 visits/mo 0.3 miles
McDonald's Dining
27,614 visits/mo 0.4 miles
Dollar Tree Shops & Services
18,696 visits/mo 0.5 miles

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 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
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor retail boutique space within a 70-unit condominium building in Uptown.
Where is this retail space located?
The property is located at 4848 N Sheridan Rd Chicago, IL.
What are key features of this property?
This property features: 5,257 SF ground‑floor retail boutique space in the Sheridan Grand Condominium building (70 units); Located in Chicago’s Uptown neighborhood; About a 10‑minute walk to the Argyle CTA Red Line Station (reported +1M annual riders)
(312) 334-7232 Call to check price and availability
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