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Retail Space in Medical District
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2050 W Ogden Ave, Chicago, IL 60612

Brand-new retail space near the Ogden & Damen corridor in the Illinois Medical District.

Property Size2,050 SF
Days on Market946

Property Features for 2050 W Ogden Ave

General Information

Standard status Active
Size 2,050 SF
Property subtype RETAIL
Listing Agency: Baum Realty
Listed By: Doug Renner · License #475143580
Source: Moodyscre
Added: Dec 27, 2023 Changed: Jul 30 Last Checked: Jul 30 at 5:20AM

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 Baum Realty

Investment Insights

Based on property information with market context.

2050 W Ogden Ave offers a brand-new retail space within Chicago’s Illinois Medical District (IMD). The surrounding area is composed of residential, office, and medical buildings, creating a dense mix of uses around the site.

The location is described as a very high-trafficked area along Ogden & Damen, with excellent visibility for storefront-oriented business activity. The property is part of a larger brand-new development that includes a new residential tower and a new retail center, with a hotel coming soon.

With 2,050 SF of retail space, the offering is positioned for retailers seeking a presence in a concentrated medical-district environment and a highly visible corridor.

Key Highlights

  • 2,050 SF retail space
  • Brand‑new development with new residential tower and new retail center
  • Hotel coming soon as part of the development

Property Analytics

Current Use

Cadence Apartments Apartment Complex

Suggested Use

Top Pick HVAC Service Veterinary Clinic Pet Grooming Service Building Supply (Bike/Boat/Book/etc) Store Accounting Firm

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

8,202
Businesses Nearby
163k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 96% Hotels & Casinos 3% Shops & Services 1%
McDonald's Dining
31,471 visits/mo 0.5 miles
Chick-fil-A Dining
22,259 visits/mo 0.2 miles
Five Guys Dining
20,797 visits/mo 0.1 miles
KFC Dining
16,703 visits/mo 0.5 miles
White Castle Dining
14,526 visits/mo 0.5 miles

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
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 - Brand-new retail space near the Ogden & Damen corridor in the Illinois Medical District.
Where is this retail space located?
The property is located at 2050 W Ogden Ave Chicago, IL.
What are key features of this property?
This property features: 2,050 SF retail space; Brand‑new development with new residential tower and new retail center; Hotel coming soon as part of the development
(312) 275-3137 Call to check price and availability
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