Ground-Floor Retail
New
For Lease
$32 SF/Yr
1538 W Chicago Ave, Chicago, IL 60642
A renovated storefront offers 12-foot ceilings, updated mechanicals, and basement storage in an established Chicago retail corridor.
Space Size3,000 SF
Property Size6,400 SF
Days on Market1
Property Features for 1538 W Chicago Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
Noble Square
Building Details
Building Size
6,400 SF
Spaces For Lease
at 1538 W Chicago Ave
1538
$32/SF/Yr
Size
3,000 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
SVN | Chicago - Corporate
Listed By:
Adam Thomas · License #IL 062060446
(847) 219-6383
Source:
Svnchicago
Added: Nov 1
Last Checked: Nov 1 at 3:22PM
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 SVN | Chicago - Corporate
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Investment Insights
Based on property information with market context.
This 3,000-square-foot retail space occupies the ground floor of a renovated building at 1538 W Chicago Ave. The storefront is new, mechanical systems have been updated, and the interior includes exposed brick and 12-foot ceilings. A 400A electrical service and additional basement storage are also part of the space.
The property is on Chicago Avenue in Chicago’s West Town neighborhood. Nearby retailers, restaurants, and a residential base contribute to the surrounding retail setting. The space is available immediately.
The property is on Chicago Avenue in Chicago’s West Town neighborhood. Nearby retailers, restaurants, and a residential base contribute to the surrounding retail setting. The space is available immediately.
Key Highlights
- 3,000 SF of ground‑floor retail space
- New storefront in a renovated building
- 12’ ceilings and exposed brick
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,263
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 32%
Electronics 5%
Starbucks
Dining
9,334 visits/mo
0.4 miles
Shell
Shops & Services
7,577 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,249 visits/mo
0.0 miles
Marathon Petroleum
Shops & Services
5,596 visits/mo
0.1 miles
The UPS Store
Shops & Services
3,649 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,623 SF
Avg Space Size
This space is priced 27% above the average of $25.14 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - A renovated storefront offers 12-foot ceilings, updated mechanicals, and basement storage in an established Chicago retail corridor.
Where is this retail space located?
The property is located at 1538 W Chicago Ave Chicago, IL.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: 3,000 SF of ground‑floor retail space; New storefront in a renovated building; 12’ ceilings and exposed brick
