West Town Retail/Office
For Lease
$18 SF/Yr
1502 W Chicago Avenue, Chicago, IL 60642
1,892 SF retail/office condo in West Town.
Space SizeContact for details
Days on Market164
Property Features for 1502 W Chicago Avenue
General Information
Standard status
Active
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$44,567
Building Details
Year Built
2013
Listing Agency:
@properties Commercial
Listed By:
Dakota Nilson · License #IL475193738
(312) 337-0200
Source:
Dawnmckennagroup
Added: Mar 24
Changed: Sep 2
Last Checked: Sep 2 at 12:43AM
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 @properties Commercial
Investment Insights
Based on property information with market context.
This 1,892 square-foot second-generation retail/office condominium is located on Chicago Avenue in West Town. It features over 40 feet of frontage and two storefront entrances. The space is built out with five private offices, a conference room, a reception/waiting area, a kitchenette, and an ADA-compliant restroom with a shower. The property is suitable for retail, medical, or office use. Situated on an active corridor, the property benefits from visibility, pedestrian and vehicle traffic, and signage exposure. The surrounding area includes retailers, restaurants, and residential developments. Nearby tenants include Brasero, Roots Handmade Pizza, and Mariano's. This commercial condominium is located in a sought-after neighborhood retail market.
Key Highlights
- Prime West Town location on Chicago Avenue with high visibility and 40'+ frontage.
- Versatile 1,892 SF space suitable for retail, medical, or office use.
- Existing build‑out includes 5 private offices, conference room, reception area, kitchenette, and ADA restroom with shower.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size
This space is priced 35% below the average of $27.62 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 1,892 SF retail/office condo in West Town.
Where is this retail space located?
The property is located at 1502 W Chicago Avenue Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime West Town location on Chicago Avenue with high visibility and 40'+ frontage.; Versatile 1,892 SF space suitable for retail, medical, or office use.; Existing build‑out includes **5 private offices, conference room, reception area, kitchenette, and ADA restroom with shower.**
