High-Traffic Retail
1419 W Taylor St, Chicago, IL 60607
For Sale
$999,000
Pedestrian-friendly retail storefront in a high-traffic area near major education, medical, and transit destinations.
Property Size3,531 SF
Price / SF$282.92
Days on Market106
Property Features for 1419 W Taylor St
General Information
Standard status
Size
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Listing Agency:
Strauss Realty Ltd
Listed By:
Moshe Weinberger · License #475183341
(847) 334-2587
Source:
Liveliferealty
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 7 at 5:37PM
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 Strauss Realty Ltd
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Investment Insights
Based on property information with market context.
This retail storefront is positioned in a high-traffic, pedestrian-friendly area with a Walk Score of 94. The surrounding mix includes long-running dining establishments, supporting strong day-to-day foot traffic.
The property is within walking distance of UIC, which is home to over 30,000 students, and it is about one block from the Illinois Medical District, described as the largest urban medical district in the country with multiple hospitals, thousands of employees, and tens of thousands of daily visitors. It also sits half a block from the Chicago Public Library.
Transit access is supported by a roughly nine-minute walk to CTA’s Pink Line Polk Station, with the provided figure of 893,334 total annual entries. The area also offers close proximity to I-90/94 and I-290, with downtown Chicago approximately three miles away.
The property is within walking distance of UIC, which is home to over 30,000 students, and it is about one block from the Illinois Medical District, described as the largest urban medical district in the country with multiple hospitals, thousands of employees, and tens of thousands of daily visitors. It also sits half a block from the Chicago Public Library.
Transit access is supported by a roughly nine-minute walk to CTA’s Pink Line Polk Station, with the provided figure of 893,334 total annual entries. The area also offers close proximity to I-90/94 and I-290, with downtown Chicago approximately three miles away.
Key Highlights
- Walk Score of 94 in a pedestrian‑friendly, high‑traffic area
- Walking distance to UIC (home to 30,000+ students and the largest university in the Chicago Metro area)
- 1 block from the Illinois Medical District with 4 hospitals, 9,000 employees, and 50,000 daily visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,851
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,020
$977.0K
Cap Rate 7%
$697,871
$697.9K
Cap Rate 9%
$542,789
$542.8K
Market Conditions
NOI Build-Up for 3,531 SF
Gross rent
$76.3K $21.60/SF
− Vacancy
−$6.5K −$1.84/SF
EGI
$69.8K $19.76/SF
− OpEx
−$20.9K −$5.93/SF
NOI
$48.9K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,020
Cap Rate 7%
$697,871
Cap Rate 9%
$542,789
Alternative Uses
Best Use
Retail
$697.9K
$610.6K – $814.2K
NOI $48,851 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,540 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,321
Businesses Nearby
256k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 27%
Dining 14%
Apparel 3%
Costco Gasoline
Shops & Services
80,339 visits/mo
0.5 miles
Jewel-Osco
Groceries
68,401 visits/mo
0.4 miles
Bank of America
Shops & Services
14,934 visits/mo
0.3 miles
Mobil
Shops & Services
10,436 visits/mo
0.2 miles
7-Eleven
Shops & Services
10,381 visits/mo
0.1 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Chicago, IL
Properties on Market for Retail space in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Pedestrian-friendly retail storefront in a high-traffic area near major education, medical, and transit destinations.
Where is this retail space located?
The property is located at 1419 W Taylor St Chicago, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Walk Score of 94 in a pedestrian‑friendly, high‑traffic area; Walking distance to UIC (home to 30,000+ students and the largest university in the Chicago Metro area); 1 block from the Illinois Medical District with 4 hospitals, 9,000 employees, and 50,000 daily visitors
