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Retail Space in South Loop
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150 Roosevelt Road, Chicago, IL 60605

Retail space in high-growth South Loop near residential and retail.

Space SizeContact for details
Days on Market153

Property Features for 150 Roosevelt Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Aug 24 at 12:25PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

Located in the South Loop, the number one submarket in Chicago for apartment construction, this retail space benefits from phenomenal residential growth and density. Dozens of high-rises are within walking distance. Roosevelt Road features 2 million square feet of retail space, over 20 big box anchors, and more than 100 national chains. The location is near Museum Campus and Soldier Field, with direct access to I-90/94. The upcoming "The 78" development will add 10 million square feet. On-site parking is available with 1,300 spaces and escalator access, along with five access points. A traffic light at the entrance and multiple pedestrian entrances provide easy access. The property includes 342 luxury apartments.

Key Highlights

  • Located in the South Loop, Chicago's #1 submarket for apartment construction
  • On‑site residents: 342 luxury apartments
  • Convenient on‑site parking: 1,300 spaces with escalator access and 5 access points

Property Analytics

Current Use

The Container Store Home Decor Store Galaxy Auto Parts Auto Parts Store Treasures Jewelry (Bike/Boat/Book/etc) Store Jennifer Zhang Music Music Venue Trendy Magazine Chicago Publishing House

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply Discount Store Veterinary Clinic Furniture & Home Goods

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

14,881
Businesses Nearby
31k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 78% Shops & Services 22%
Renaissance Blackstone Hotel Hotels & Casinos
13,890 visits/mo 0.1 miles
Best Western Grant Park Hotel Hotels & Casinos
6,261 visits/mo 0.3 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.4 miles
Hilton Garden Inn Chicago Downtown / South Loop Hotels & Casinos
3,972 visits/mo 0.3 miles
Extra Space Storage Shops & Services
2,541 visits/mo 0.1 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 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 - Retail space in high-growth South Loop near residential and retail.
Where is this retail space located?
The property is located at 150 Roosevelt Road Chicago, IL.
What are key features of this property?
This property features: Located in the South Loop, Chicago's #1 submarket for apartment construction; On‑site residents: 342 luxury apartments; Convenient on‑site parking: **1,300 spaces with escalator access and 5 access points**
More about this property
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