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Storefront Retail Space
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1371a East 53rd Street, Chicago, IL 60615

Efficient small-format storefront retail space in Hyde Park with strong pedestrian traffic and signage exposure.

Space Size3,570 SF
Days on Market55

Property Features for 1371a East 53rd Street

General Information

Standard status Active
Size 3,570 SF
Class C
Property subtype Retail, Office

Building Details

Building Size 3,570 SF
Tenancy Single

Spaces For Lease

at 1371a East 53rd Street Contact us

Space 1

Size
3,570 SF
Type
Office, Retail
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Craig G. Yale & Associates
Listed By: Jason Yale · License #IL 471011297
Source: Crexi
Added: Jun 19 Changed: Aug 8 Last Checked: Aug 12 at 5:21AM

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 Craig G. Yale & Associates

Investment Insights

Based on property information with market context.

Position your business in a highly visible retail storefront opportunity in Hyde Park at 1371A E. 53rd Street. The space totals 1,048 SF and features an efficient retail layout with strong storefront exposure and signage opportunities. The unit was formerly occupied by a currency exchange, supporting a straightforward retail buildout for neighborhood-facing services.

The property sits along one of Chicago’s most active neighborhood shopping corridors, with pedestrian activity generated by area residents, students, faculty, visitors, and employers. It is located just one block from Sophy Hyde Park and minutes from the University of Chicago, placing the space near consistent foot traffic and complementary neighborhood retail.

This size and configuration make the space a practical fit for retailers and service providers seeking a street-level presence. It may suit retail, financial services, medical and wellness uses, professional services, boutique concepts, and other neighborhood-serving businesses. The combination of storefront frontage, active corridor placement, and proximity to major local activity supports tenants looking for a small-format location in a busy urban shopping area.

Key Highlights

  • 1,048 SF retail space at 1371A E. 53rd Street in Chicago’s Hyde Park neighborhood
  • Former currency exchange space with an efficient retail layout
  • Small‑format storefront with strong signage and storefront exposure along a neighborhood shopping corridor

Property Analytics

Current Use

Western Union Bank

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store Storage Facility

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

2,749
Businesses Nearby
205k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 40% Shops & Services 26% Groceries 22% Home Improvements & Furnishings 6%
Trader Joe's Groceries
46,061 visits/mo 0.2 miles
McDonald's Dining
31,625 visits/mo 0.1 miles
BP Shops & Services
21,850 visits/mo 0.2 miles
Potbelly Sandwich Shop Dining
13,436 visits/mo 0.1 miles
Elston Ace Hardware Home Improvements & Furnishings
11,960 visits/mo 0.1 miles

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.2 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
4,071 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?
Storefront property - Efficient small-format storefront retail space in Hyde Park with strong pedestrian traffic and signage exposure.
Where is this storefront property located?
The property is located at 1371a East 53rd Street Chicago, IL.
What are key features of this property?
This property features: 1,048 SF retail space at 1371A E. 53rd Street in Chicago’s Hyde Park neighborhood; Former currency exchange space with an efficient retail layout; Small‑format storefront with strong signage and storefront exposure along a neighborhood shopping corridor
More about this property
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